The golden ratio at $ 7,800 has been broken bullish by the Bitcoin price and Bitcoin is currently about to target the next resistance at $ 9,200. At $ 9,800 the important 0.382 Fib level lies between two golden ratios, which mark the upper and lower side of the horizontal value between $ 9,200 – $ 10,500. Bitcoin will definitely find strong resistance in this area, but breaking the golden ratio is extremely bullish regarding the upcoming halving date. Bitcoin Krus is already supported at $ 7,800 – $ 8,200.There are only a few hours left until the monthly candle of Bitcoin closes.
The monthly candle is currently above the closing value of the previous candle, which is why the current candle represents a “bullish engulfing candle”. However, this monthly candle must also close above $ 8,600 for the monthly candle to form a “bullish engulfing candle”, which would be extremely bullish.In terms of halving in 2 weeks, it could look very rosy for the Bitcoin course this year.