$BTC has already tapped the 1.618 Fibonacci extension level. A further push to new highs is still possible as long as price holds above the ascending trendline. Key support for a potential wave-(B) low sits between $61,112 and $59,736. However, a breakdown below $59,169 would increase the likelihood that wave-5 of wave iii is playing out to the downside. #BTC Price Analysis# #Bitcoin