BITCOIN This is a healthy correction. After target 110k by June.
Bitcon / BTCUSD is following a systemic rise since the September 11th 2023 low.
The first Leg since September 2023 rose by +97.65%. The second after a correction under the 1day MA50, rose by +91.57%.
The correction was -21.08% and got close to the 0.382 Fibonacci retracement level.
If the current pull back ends up also correcting on the 0.382 Fib by -21.08% near 58000, it will be the best buy opportunity for the next three months.
Target another +91.57% rise at 110000.
Previous chart:
Follow us, like the idea and leave a comment below!!
The first Leg since September 2023 rose by +97.65%. The second after a correction under the 1day MA50, rose by +91.57%.
The correction was -21.08% and got close to the 0.382 Fibonacci retracement level.
If the current pull back ends up also correcting on the 0.382 Fib by -21.08% near 58000, it will be the best buy opportunity for the next three months.
Target another +91.57% rise at 110000.
Previous chart:
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.