BTC to go back to ~70k?

1 בינו׳ 2022

If the 0.786 (46k) Fibonacci level holds as a support, BTC may draws a W pattern (double bottom), which could create a reversal pattern. After a retest of the neckline of that W, BTC could continue its uptrend all the way back to 70k.

We can also see a retest of the daily RSI trend line (see drawings).

If the 0.786 level doesn't hold, BTC may drop to 30k in the next months.