Bitcoin Analysis
Bitcoin’s price made its highest high of the entire rally and its highest price since November 5th of last year on Monday. It was also the eighth time in the last nine days that BTC’s price marked-up and when traders settled-up for the day, BTC’s price was +$304.5.
We’re leading-off this Tuesday’s price analyses with the BTC/USD 1D chart below by Lokendrakumar. BTC’s price is trading between the 0.5 fibonacci level [$21,076.87] and the 0.382 fib level [$22,637.58], at the time of writing.
The targets above the 0.382 for those longing BTC are 0.236 [$24,729.52], and a full retracement at the 0 fib level [$28,527.50].
Conversely, bearish BTC traders have targets to the downside on the daily timescale of 0.5, 0.618 [$19,623.75], 0.786 [$17,726.06], and the 1 fibonacci level [$15,572.14].
BTC/USD 1D chart: the price is trading between the 0.5 fibonacci level [$21,076.87] and the 0.382 fib level [$22,637.58]The Fear and Greed Index is 51 Neutral and is +6
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