Bitcoin's push through 5,000 has a lot of steam. the fib levels from previous high just short of 5k to the low 0f 3k show strong support at the 1.272 extension level around the $5500 price. price consolidation is shaping up to a nice pennant would could pop upwards the height of the pennant, which would align in the 1.618 level. Even the 'non-spike' volume is stronger than the average at pre 5000 levels. Short bitcoin? famous last words...
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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.