Support: 39505.75Resistance: 44133. 89Pivot: 42138.05TypeBearish DropPreference:Price is reacting in a descending channel, we can expect price to drop further from pivot in line with 61.8% Fibonacci retracement towards the 1st Support in line with 100% Fibonacci projection and -27.2% Fibonacci extension.Alternative Scenario:Alternatively, price can reverse back up to 1st Resistance in line with 78.6% Fibonacci retracement and 61.8% Fibonacci projection.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/btcusd-bearish-momentum-or-29th-sep-2021"
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