BTCUSD potential bullish push-17th Sep 2021
Type: Bullish rise
Price broke below the ascending trendline support showing a bearish momentum however, we are expecting price to have a short-term bullish bias towards the 1st Resistance in line with the 78.6% Fibonacci retracement and 78.6% Fibonacci projection. We are also expecting the price to be retest the ascending trendline support now resistance.
Alternatively, Price Can Reversal Back Down From The Pivot Level In Line With 50% Fibonacci Retracement Towards The 1st Support Level In Line With 38.2% Fibonacci Retracement.