Bitcoin remains overall very bullish and should be on its way to $9600.
Price has pulled back and found support at $8425
We could move harmonically, with an AB=CD move pushing us to $9600.
Price only formed a 38.2% retracement (from b to c) which tells me that the next move should meet the extended 1.618 fib.
Looking back this level lines perfectly to previous resistance and marks a decent place to take some profits.
Price has pulled back and found support at $8425
We could move harmonically, with an AB=CD move pushing us to $9600.
Price only formed a 38.2% retracement (from b to c) which tells me that the next move should meet the extended 1.618 fib.
Looking back this level lines perfectly to previous resistance and marks a decent place to take some profits.
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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.