Bitcoin Needs to Break $45K
Bitcoin is opening on -.12% on the daily.
Bitcoin needs to surpass 45K fib level of resistance with ease for us to be excited about a possible bull run continuation. Based on fib retracements, Bitcoin could fall as low as 28K, but I find that to be highly unlikely as Stoch, RSI, MACD, and on-chain indicators are all signaling a local bottom and incoming recovery.
Bitcoin needs to surpass 45K fib level of resistance with ease for us to be excited about a possible bull run continuation. Based on fib retracements, Bitcoin could fall as low as 28K, but I find that to be highly unlikely as Stoch, RSI, MACD, and on-chain indicators are all signaling a local bottom and incoming recovery.
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