Mags

#Bitcoin is trading above the 0.618 level 🤔

Historically, Bitcoin has never closed above the 0.618 in any of the previous cycle before the halving event on a weekly chart.

This area as acted as a strong resistance zone & is the last area of problem before reaching the ATH.

The 0.618 level is currently sitting at $48,500. If $BTC closes this weekly candle above it, this will be the first time ever price breaking above 0.618 level before the Halving.

If this happens, it will be extremely bullish for Bitcoin