Using Fibonacci, ostensibly there's 2 competing patterns. Looking at the recent price action of the past BTC price action taking a significant move downward will happen between $43.2 and 46.9K Depending on the legitimacy that price is increasing from positive speculation / prior accumulation price could increase much higher. *However recent experience that price is continually push higher in an artificial manner per- Miner cartels/ Market Makers and exchanges/ that is primed to sell into the marginal increasing volume of new buyers...
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.