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.

Alternative scenario:

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.