By Licia Leslie
April 11, 2025
Hi Shoppers,
The low of the S&P 500 Emini Futures last Sunday night at $4832 is the 50% Fibonacci retracement level taken from the rally that began in October 2022.
Bitcoin (Ticker: BTCUSD) has fared a bit better currently holding the 38.2% Fibonacci retracement ($73,398) of the rally that began in November 2022.
If BTCUSD begins to fail this support, the 50% level comes in at $62,291.
If it holds this support and begins to rally, watch for a close above that downward sloping trendline at $82,600.
Then I think it will be safe to go long Bitcoin.
Resistance above there is $88,600 and then $92,238.
Thank You For Reading … See You Next Tuesday,
LicIa Leslie
Licia Leslie
Head of Technical Analysis
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