Looking back at BTC's long term support on the weekly, it is interesting to see how many times various wicks coincide with a fib circle from ATH to the current resistance. Projecting a full retracement to the green 2015 pitchfork trend and current resistance, it seems like BTC wants to minimally touch between 5200 and 4800. If so, looks like we have a few months to ride the waves before the next run to ATH.
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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.