BitcoinLong
Trend based Fib extensions of the June 2019 BTC pullbakc
The 0.786 Fib extension of the move down from $13800 BTC in June 2019 to the $6400 low in Dec 2019 to the $10500 high in Feb 2020 is about $5000. The market is now trying to stay in the .618 to .65 golden pocket of this retrace in the $6000 to $6200 range. The $5578 wick low is near the 200 wma which is where BTC bottomed in Dec 2018. Long term support in the $5500 range is important to hold IMO.
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