#Bitcoin    Correction to $51,600 and then $110,000?

Unfortunately #BTC    closed the monthly candle below the $61,300, level we were monitoring carefully. 👀

Hopefully it is just manipulation but if we stick only to the technical aspects, the 2Monthly chart just printed a reversal candle.

It doesn't mean the bull run is over, far from it.

In bull runs #Bitcoin    generally retrace to the 38.2% Fibonacci retracement level also called the 1st stop that lies at $51.6k.

As long as the 1st stop holds bull market is still on. 🤝