Another Bitcoin crash coming or epic breakout upwards?
Have been trying to plot a estimate on where Bitcoin may crash to again, in the coming days. Fibs still say a downtrend into the black channel downwards. Could be an epic fakeout, then breakout upwards, thee is still some time for this to change. Top yellow trendline shows the price the green fib last got this low, which was Nov-Dec 2019, $4500. This time the green fib suggests an even lower price in the coming days, $200-1500. This could be the retrace we all knew would happen sooner or later, the price of $1200, which BTC was at when MtGox closed down. If it bounces, it will be very epic.
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