Possible correction

If BTC break the resistance at 16500 level ... it will most likely continue to 20000 level

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Looks like the (0.236 FIB) level at about 17200, not 16500 Which make more sense.

I will update the chart.

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Комментарий:

BTC accumulating in 0.382 FIB level at 15000 level
If it goes up from there, we may see 2000-22000 level

Otherwise, it will make a down move to 0.5 FIB level at around 13000 and then down to the latest strong support at 0.618 FIB at around 11400

Let's wait and see the next move

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Bitcoin correction continues ... trying now to break 0.5 FIB level
If breaks it, Bitcoin will go to 0.618 FIB level at 11400 level which I think will be the end of correction

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Correction happened as expected

Analysis for now