It appears that Bitcoin is finishing Wave 4 and moving into Wave 5. This should take Bitcoin to
25K - $29k.
I also applied a Fibonacci Circle to Wave 3. Accordingly, Bitcoin is approaching the 1.618 Fibonacci circle pivot point (the blue circle).
There's very strong support at $22.8k. Looking for a bounce here.
I also applied a Fibonacci Circle to Wave 3. Accordingly, Bitcoin is approaching the 1.618 Fibonacci circle pivot point (the blue circle).
There's very strong support at $22.8k. Looking for a bounce here.
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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.