Bitcoin analysis

“If the 38 level is broken, then we are going to the 50 Fibonacci level as shown in the drawing, at the price of 56,200 thousand dollars for Bitcoin.”

Perhaps the final bounce from the area between $60,000 and $56,000 will be the bounce that serves as the spark for the entire market to take off, thus confirming the positivity.”

This was our analysis of the market on the weekly frame on April 17, before the recent decline

Indeed, the market fell after only 3 candles

Now what's next?

According to the analysis on the weekly frame, we notice a direct and rapid rebound from the 50 Fibonacci line at $56,000 for Bitcoin.

Reaching line 23 at $65,500 per Bitcoin

Closing above this resistance leads us directly to a new peak at $73,000 for Bitcoin

The 23 Fibonacci line is always very strong, as it is a rebound or reversal point for the price

Personal opinion

With us, you entered the market from the lowest point, and it was noted at the $57,000 points that Bitcoin entered the market strongly to increase the negative rumors.

I am watching closely and waiting for the historic peak to be broken soon

Your support and interaction on our posts is very important for the continued publication of upcoming analyses

Good luck, God willing

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