BitcoinLong
Bitcoin currently holding on important fib level noone is seeing
Updated
I havn't seen anyone else notice the fact that Bitcoin is currently holding on a very important fibonnaci extention level, the 0.5 fib from the 2018 to the last all time high. I wouldn't be surprised if this held here, since this is actually strong support. The previous fib level required a LOT of money to be dumped into the market to force it down. I would be surprised if the whales still have that much ammo left in their bags. And surely they want to keep milking the cow.
Note
Nice little bounce here. Currently still stuck below a lot of resistance including a descending triangle. If it breaks through that, we will have confirmation that the short term bottom is in.
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