BitcoinLong
BTC Fibonacci Levels
Bitcoin had a rough dip this morning, breaking below a critical sloping support and falling from 59k to 56k. By drawing a Fibonacci retracement from a local low to a local high we can see that the 54k level looks like a likely area for a bounce. Because of all the consolidation bitcoin has been having at the 55-60k level I'm predicting the next bull leg will be relatively explosive and should bring us close to 68k.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.