#Bitcoin Weekly Close
Week closed with a nice strong Green candle that also took PA out of the closing pennant it had been in and out of for some time.
I will just mention that that dashed lower line on that pennant has origins way back in 2017 where it acted as strong Support.
In fact, it was the spring board in the week of 2 October 2017 that then took PA to ATH 2 moinths later - Just saying
Back to today, PA may cool off for the week, it may not but the 4 hour MACD is continuing to fall Bearish from OverBought and the Short term 1 hour has just done the same.
RSI is jumping Volatile so I think we are back in the land of ranging / Small Dips for a while unless some Major event occurs.
A return to the 3.618 Fib extension is very possible at 65500 area, to retest previous Resistance as support.
DO NOT PANIC. THIS IS GOOD
Longer Term, at the current trajectory, we hit that 8.618 Fib circle in Early Dec. Given various projections of a Push higher in Dec, I can see PA ranging into that Circle and pushing Higher on the other side.... The real question is will we be above that 4.236 Fib Extension before that point. That line is at 76K usdt
Historicaly, the 4.236 Fib extension is a line of change, Rejection and "Top"
For Me, that "Wall" At 76K will be broken but it will be A tough fight and it needs to happen BEFORE Mid Dec this year
Jump pn board...this is going to be FUN
