Potential for BTC to Drop to the 0.382 FIB in the Near Term

The use of the Fibonacci (FIB) retracement tool and Phoenix Ascending indicators to project the BTC price in the near term (1D, 2D, 3D, 4D). Please note that the Phoenix Ascending indicators are freely available. Please see publications by @WykoffMode for an education of how to use and interpret these indicators. As illustrated and described in the chart, the white energy may turn up and cross level 50 by April 25. The green exponential moving average (EMA) may turn up, cross 50 by April 25, and be crossed by the red relative strength index (RSI) by April 24. The blue least squared moving average (LSMA) may dip in proximity to level 50. The BTC price may decrease to the 0.382 FIB level ($51,119.24) around April 23 then increase afterward. A decrease in the BTC price to the 0.382 FIB level would be a 20.42% decrease in price from the all time high, which occurred on April 14. This is not financial advice. I am not your financial advisor. This is my opinion.

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