It looks to me that Bitcoin has found support on the .786 bull fib channel. Great news, because there are technical targets lower than here, but BTC decides when to leave gaps, and hence wallflowers. You have to play to win. You can’t win if you don’t play. Say BTC breaks through descending overhead, then what? Then, it breaks back above the “1-level fib”, an den? Yes, it goes to new all time highs, unencombered by any chart formation. We move from technicals to to fundamentals, which ask what is the theoretical top to BTc, and the answer is how much fiat value is there? Stock to flow model predicts a 10x in BTC this year. We shall see.
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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.