Bitcoin Analysis
Bitcoin’s price took a step back on Wednesday and when traders concluded for the daily session, BTC’s price was -$252.
The first chart we’re looking at today is the BTC/USD 4HR chart below from bOnchain. At the time of writing, BTC’s price is trading between the 0.618 fibonacci level [$16,682.39] and 0.786 [$16,952.07].
If bullish traders can regain the 0.786 fibonacci level their next target is to break out of the current wedge pattern that BTC’s price…
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