Technical analysis by Haarshy-2ndlevelhunter about Symbol BTC: Buy recommendation (6/9/2023)

BTC Outlook Bitcoin price is at that point of time where it still have to drop a little more as many people would most likely taken position to long BTC. From what I see, BTC is still hovering at the 50% fib zone I would be looking to go long once BTC breach this 50% level to the 61.8 or even the 70% fib level. That would more likely look like a huge liquidation candle. That would be scenario 1, Another part would be looking at the momentum of the movement whether buyers/ seller are dominating. Overall outlook is bullish for BTC