🚨 #Bitcoin retreated from a multi-week high on Tuesday, after entered overbought territories. #btceur pulls back exactly as forecasted to €26K as traders cash in profits💰 they're taking some money off the table 💸
What's next for #BTC? As long as we remain within the parallel channel, the upswing remains confirmed. Stay tuned! #cryptocurrency #crypto #trading #TradingStrategy
#Bitcoin has been trading in a downtrend due to an overbought condition, with the current price sitting around €26K. The 1-hour chart indicates that the price has been testing the 50% #Fibonacci retracement level several times, which was predicted. If investors withdraw their funds, bears may succeed in breaking below the 50% retracement level, potentially leading the price towards the 38.2% fib level representing the lower band support of the parallel channel.
