Bitcoin longer term...

Bitcoin has hit the first of the two longer term levels on the break from the 57707 swing point mentioned in the last update at 45300, this is 23.6% back to the 2018 low and should send them back to new highs. As always we will watch all the retracements on this rally to see just how weak, or strong the market is, per the ONE44 rules and Guidelines. They will have to take out 38.2% of the current break at 50200 to say the down move is over for the time being, however failing to get a solid close above it will be a negative sign, especially after holding 23.6% (45300) of a much bigger move. Provided 50200 is all they can rally, look for a break to new lows and then 37250, this is 38.2% back to the 2018 low.

Bitcoin