Bitcoin next days uptrend incoming?
First analysis, please feel free to comment and critique my idea for prosperous discussions and maybe I can learn sth. from you.
I would suspect Bitcoin to break the current downtrend in the next hours. The current correction following the 33814 high and the 32885 high just hit the lower trend support and the 0.5 to 0.38 Fib retracement where BTC found support. At least bitcoin will test 32100 in the next hours.
However, following Fib Time Zone 1 we may see an immediate breakout to newer highs, testing the 33800 resistance and maybe taking it in the next two to three days. After a retest of the 33100 to 38000 support zone, it's possible to see a new all-time high at Fib Time Zones 5, where Fib Time Zone 1 and 2 nearly matches.
I would suspect Bitcoin to break the current downtrend in the next hours. The current correction following the 33814 high and the 32885 high just hit the lower trend support and the 0.5 to 0.38 Fib retracement where BTC found support. At least bitcoin will test 32100 in the next hours.
However, following Fib Time Zone 1 we may see an immediate breakout to newer highs, testing the 33800 resistance and maybe taking it in the next two to three days. After a retest of the 33100 to 38000 support zone, it's possible to see a new all-time high at Fib Time Zones 5, where Fib Time Zone 1 and 2 nearly matches.
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