Bitcoin RSI and Fibonacci
Updated
Hello, this is a follow up of my middle term trend and levels analysis on Bitcoin, the RSI is now at another crucial level where he usually bounces. We are also at the end of a compression and it looks like the price will do something big in the next couple of weeks . In my opinion, bitcoin will go test the 0.786 level of Fib. which means it would go South.
It might me a good period to follow for any person looking for better understanding of this incredible asset that is bitcoin.
Thanks for reading and i hope it will be useful.
It might me a good period to follow for any person looking for better understanding of this incredible asset that is bitcoin.
Thanks for reading and i hope it will be useful.
Note
Kind of crazy how it exactly went to touch this support line today... Next stop could be around the 4,500$ zone
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