Calculation of Fibonacci levels for a price of bitcoin 54,850:
Initial price: $54,850
Retracement levels:
23.6%: 54,850 + (14,150 * 0.236) = $58,184
38.2%: 54,850 + (14,150 * 0.382) = $60,273
50%: 54,850 + (14,150 * 0.500) = $61,925
61.8%: 54,850 + (14,150 * 0.618) = $63,577
78.6%: 54,850 + (14,150 * 0.786) = $66,108
Please note the same important points and recommendations mentioned above.