Analyst sees bitcoin pullback to $74,600 but keeps medium-term bullish view
- —Correction target is $74,600, the 0.382 Fibonacci retracement level
- —BTC fell below the 21 EMA, support at the 50 EMA, 200 EMA near $75,800
- —RSI returned to neutral 50 and widened its gap from the 14-day average
- —Analyst expects a wave B bounce, then a final wave C, medium-term trend positive
Why it matters: The $74,600 level marks a potential entry zone for traders if the current correction deepens.
Source: PANews
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