TypeBearish DropSupport: 43684.39Resistance: 48772.24Pivot: 47607.65Preference:Price is expected to reverse back down from the pivot level in line with 23.6% Fibonacci retracement and push down towards the 1st Support in line with 127.2% Fibonacci projection and 61.8% Fibonacci retracement.Alternative Scenario:Alternatively, price can push up towards the 1st Resistance in line with previous swing high.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/btcusd-bearish-reversal-or-4th-oct-2021"
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