BTC ANALYSIS WEEKLY

Jun 12, 2022

On the weekly chart which represents a long term, but has retraced down to the .60% Fib. ret. level ($29,000 - $32,000).

Now, this point is a strong support level because from this point in previous times, [the green upward arrows] uptrend/bullish reversal usually occurs.

a CANDLE CLOSE below the .60% Fib. level ($28,477) will send it to .78% ($18,365)

for further confirmation if the candle successfully closes below the "THEORETICAL TRENDLINE" then ultimately price downward to .78% ($18,365) Fib. ret. lev. is certain except for fundamental reasons.