November 19, 2024
Bitcoin surged from $74,000 to nearly $89,000, reaching a significant 1.618 Fibonacci retracement level. Currently facing resistance at this level, sell signals were triggered as the price failed to close above $89,000. Technical traders are watching closely, with potential for a retest at the $74,000 breakout level if resistance continues to hold. Our strategy here is bullish above $89,000, bearish below, with possible buy opportunities at lower retracement levels. If you have ideas for future chart analysis, reach out, and I'd be happy to take a look.
