Since starting its rally in Sept 20 to ATH, #Bitcoin is currently retracing to 76.4% level.
If
BTC can be closed above the descending line, 176.4% level ($128K) is the target in the next 5 months.
If it retraces more to 61.8% and then bounces back, then the target is 161.8%.
If it retraces more than 50%, trend reversal is likely to begin
If
BTC can be closed above the descending line, 176.4% level ($128K) is the target in the next 5 months. If it retraces more to 61.8% and then bounces back, then the target is 161.8%.
If it retraces more than 50%, trend reversal is likely to begin
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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.
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.