Bitcoin Monthly chart, fib support, trading range for 2018 bear
The massive bull run of 2017 gives some context for the slow bleed of BTCUSD in 2018.
While the failure of the parabolic advance in '13-'14 retraced more than 80%, the 2018 bear market has only retraced 61.8%, providing an argument for BTCUSD sinking further to $4000 as the bears continue to show dominance.
I am not an expert, and this is not investment advice.
While the failure of the parabolic advance in '13-'14 retraced more than 80%, the 2018 bear market has only retraced 61.8%, providing an argument for BTCUSD sinking further to $4000 as the bears continue to show dominance.
I am not an expert, and this is not investment advice.
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