If BTC breaks through the 50 Day MA, then price should move to the top of the channel which also coincides with the .50 fib and an inverse head and shoulders pattern developing.
From there, price could break through the channel (not probable) and meet the .618 fib.
Or, It is more probable that the price will bounce off the top of the channel and fall hard to the bottom of the channel towards the .236 fib
From there, price could break through the channel (not probable) and meet the .618 fib.
Or, It is more probable that the price will bounce off the top of the channel and fall hard to the bottom of the channel towards the .236 fib