BTC/USD Last Saturday, the POC line was able to keep the bitcoin price from a deep decline and acted as a support level while the pair was trying to consolidate at 61.8% fibo (47745.68 USD). Only on Sunday evening, buyers decided to pull the price out of the narrow side range and tested the level of 49200.00 USD. The October maximum is indicated at 49225.55 USD. Sellers reacted to this with tough pressure and quickly returned the pair to the side range, to the 61.8% Fibonacci level (47745.68 USD). Today, an attempt to test the psychological level of 50000.00 USD may be repeated, but it is not yet clear how tough the bears' reaction will be. We believe that as a result, the BTC price will roll back to the support of 46000.00 USD. #CryptoTrading
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