Hi everyone! I'm a #cryptocurrency enthusiastic since 2015. And today I want to share with you the reason why I've been bullish still.
Since the first bull market cycle #Bitcoin respects some #Fibonacci levels as support and resistance. This is a log scale chart, for a better view.
After the end of the bear market, bitcoin uses two #Fibo retracement levels as support and resistance once it breaks the all-time high, as you can see on the chart. And also, the price never ever went back to this bottom price again. So, if you thinking of buy bitcoin right now or wondering whether this is the top or bottom, go back in history and see what Fibo tells us!
Since the first bull market cycle #Bitcoin respects some #Fibonacci levels as support and resistance. This is a log scale chart, for a better view.
After the end of the bear market, bitcoin uses two #Fibo retracement levels as support and resistance once it breaks the all-time high, as you can see on the chart. And also, the price never ever went back to this bottom price again. So, if you thinking of buy bitcoin right now or wondering whether this is the top or bottom, go back in history and see what Fibo tells us!
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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.