Bitcoin Technical Analysis 03-04-21

Bitcoins opens at $51K and goes down to around $47K and stable around $47K ~ $48K. The average transaction fee is $20.35 which is 9.53% increase from 03-03-21. As I mentioned yesterday, Bitcoin touches $52K. If it stables around $50K ~ $51K, the next target is stable at $52K and hit $55K. I think the correction at this level will continue. My calculation on its value is $50K at some point which indicates that Bitcoin may continue correction in coming week with lower fear index.