BTC - 0.618 Support Tested
2024-11-27

In our previous post we were pointing out how if we drop from under $100k the first levels to look for as new buying pressure would be the 0.382 and the 0.618. Those levels can be found here:


Now after going slightly higher to $99,800 those levels have changed slightly. Now the 0.618 golden Fibonacci retracement level is around $90,600. After a wick down to this level for liquidity we have seen a doji followed by a reversal. So far this seems like a really strong level for buying interest and could see a pump back to our trendline mentioned in "BTC - Current State of the Dip". 