Here is an idea using many fibonacci tools on trading view.
Seems we are in a ascending broadening wedge pattern, with a missing 5 Elliot leg. If confirmed, we might see a break out to the 86400$ resistance.
After a bigger dip, CRYPTOCAP:BTC seems to recover and might break the small wedge at around 64k. A further dip to 54 still possible, but in my opinion less probable due to fomo for breaking the bigger wedge.
Low scale bitcoin perspective. Take it as an exercise of playing with TA. Fibonacci timing is kind of weird though. Hope i'm completely wrong otherwise CRYPTOCAP:BTC might be very boring from now on :)
BTC seems to be bearish but not enough to test the support. The resistance will be tested and fail again. Last support check with break of the resistance towards 80k. Happy trading to all.
BTC is forming an ascending wedge, bearish signal. BITSTAMP:BTCUSD