BTC Retracement Levels to Watch

The BTC/USD price level at $43,711 remains the most important level to watch for the short run; this represents the 61.8% retracement of the early 2024 highs, and signifies the “last line of defense” for the Bulls for this particular market move.

Note how the price came down to test the 50% retracement today, which is that important $50k level that we’ve been watching for a test of…for months.

Watch how this market responds to any form of “certainty” in the next few days. If it responds positively, then the Bull is still intact.

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