A wider perspective on BTC Is the market at a turning point or will it continue to trend down? We will have to watch the market as it unfolds.. Below takes a broad view of Bitcoin and focuses in to where we are right now.
BTC - Monthly Chart (RIP) Lower Support: 1. 61.8% Fibonacci (Historical retracement) 2. Previous ascending support channel ($7.6-6.3K) 3. Strong support at $5K Missed Support: 1. $12.5k (32% Fibbo, structural) 2. $10k (50% Fibbo, psychological, structural) 3. $9.2k (The single candle wick and saving grace) Bitcoin is respecting the lower trend line of the...