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HomeBusinessBTCUSD: WHAT NEXT?

BTCUSD: WHAT NEXT?

Yesterday, it bounces exactly from buying zone 57300-400 to 59700. After reviewing Daily chart, it may go up to 62938, 1.618% retracement, if able to break above 59800 level. Before that it face minor resistance at 59267, if this respects for now, then expect selling pressure continues till 51924 level.

This 1.618% retracement, 62938 would be selling opportunity for 51924(-23.6% ratio) minimum and any violation of this would open door for 48400/41930.

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