June 20, 2026

BTCUSD Potential bearish drop | 29th Apr 2022

BTCUSD Potential bearish drop | 29th Apr 2022

BTCUSD Potential bearish drop | 29th Apr 2022

BTCUSD Potential bearish drop | 29th Apr 2022

Bitcoin / U.S. dollar BITSTAMP:BTCUSD
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BTCUSD Potential bearish drop | 29th Apr 2022

On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from our entry where the swing high resistance and 78.6% Fibonacci retracement is to our take profit in line with the horizontal swing low support and 78.6% Fibonacci projection . Alternatively, price may break entry structure and head for stop loss where the horizontal swing high resistance and 61.8% Fibonacci retracement is.

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