Current Outlook & TA #BTC #btcupdates
Bulls are putting in a strong effort to defend the critical 78.6% Fibonacci level, while bears exert pressure to keep the price from rising further. If bears succeed in pushing the price below the 78.6% level at $50,200, a downward trend to lower levels could become unavoidable. It's important to note that the current 2-day candlestick appears bearish, whereas the emerging 3-day candlestick is showing bullish indicators.