BTCUSD: Potential rejection aiming at $68,000 before $98,000.BitcoinCRYPTO:BTCUSDInvestingScopeBitcoin turned neutral on its 1D technical outlook (RSI = 53.446, MACD = 1,697.317, ADX = 42.523) as following a 7 week enormous rally it is posting the first strong red 1W candle. That is taking place on the 0.5 Fibonacci level from Cycle Top to Low, just under the 1W MA100 and the R1 Zone. This Triple Resistance Cluster needs to break to confirm further upside otherwise the likelihood of testing the 1W MA200 and the S1 Zone again becomes strong. So if it holds, expect a 1W MA200 test inside the 0.5 - 0.618 Fibonacci range (TP = 68,000). This can be the HL that the Bull Cycle needs before it makes a new High. So after this technical correction the next medium term bullish target would be the top of the R1 Zone (TP = 98,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##