After the sharp move upward, the crypto analyst said that Bitcoin had left gaps between buyers and sellers, which are usually referred to as Fair Value Gaps (FVGs). These are areas that the price tends to fall back to in a bid to regain balance, and they are often filled in quick succession.
In this case, there are multiple fair value gaps, going all the way toward $102,000. The first is the region below the $105,000 level, which is also the 0.28 Fibonacci retracement level and the first line for reaction, according to the analyst. A fall to this level without support, Louigi explains, would cause the price to shift toward the second gap at the 0.5-0.618 Fib level below $104,000.
