Bitcoin (BTC) Price Analysis - After a period of hanging on to the $64000 support, Bitcoin has not only dropped through this, but is currently below the $63000 support. Will the 0.618 fibonacci level

If there wasn't a lot of fear in the market over the previous week, the Fear and Greed Index is certainly swinging in that direction now.

Bitcoin has dropped through the $64,000 support level and is now trading below $63,000. The Fear and Greed Index has also swung towards fear, which could be a sign of trouble for the bull market. However, the 0.618 fibonacci level is providing strong support and a bullish wedge pattern is forming on the 4-hourly time frame. If Bitcoin can hold above the 0.618 fibonacci on the weekly time frame, a bounce is likely.

News source：https://www.kdj.com/cryptocurrencies-news/articles/bitcoin-btc-price-analysis-period-hanging-support-bitcoin-dropped-support-fibonacci-level-rescue-drop.html

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