Short term range. Still above wave 1 of prior bull price structure. Underlaying sentiment is still bullish.
Short term bull trend has been broken. Will it be a fake breakout before the real move? Will the bear trend extend?
Fibonacci Ratios applied to Bitcoin BTC/USD
Bitcoin is still trading on range. The bottom of bear channel and the 61.8% retracement are very close so could be a likely key level to expect.
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