Bitcoin 4hr chart Potential next move.
Updated
From the chart, we have just broken up from the previous All time high.
As can be seen we are about to come upon the 3 Fib level. ( This Fib level is from the beginning of trading back in 2009)
Once the 3 Fib Line is broken , its off to the extimated €61K 'ish mark before it sees any further major resistance.
Caveat , whales could come in and destroy this hypothesis by dumping coin .
On the long range plan, we could see price retrace to €40K before moving to €61K .
This is not financial advice , just my reading for the potential of an upside and downside in the short term future, (26th Mar - 02- Apr 2021)
As can be seen we are about to come upon the 3 Fib level. ( This Fib level is from the beginning of trading back in 2009)
Once the 3 Fib Line is broken , its off to the extimated €61K 'ish mark before it sees any further major resistance.
Caveat , whales could come in and destroy this hypothesis by dumping coin .
On the long range plan, we could see price retrace to €40K before moving to €61K .
This is not financial advice , just my reading for the potential of an upside and downside in the short term future, (26th Mar - 02- Apr 2021)
Note
The whales are playing the Fib levels. It hit 3 and retraced to 2.61.So will this repeat once again of will we break through and head up to the 4 line and retraceback to the 3.61 line in time.
Note
The pattern has found support at the 2.61 line. So my expectation is that it will assault the 3 line once again but this time break through and head on up to the 4 line before once again retracing to the previous 3.62 line as support
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