Bitcoin history repeats? 80% down
If History repeats Bitcoin will go down to 80% about 10k-12k
The 0.618 Fib Retracement
Notice that after every high in history BTC goes down by 80%+ during the last 2 bull markets.
I'm looking t current support at 50ma in the monthly chart, possible bounce from here. but I don't know if this can hold,
If not next stop will be 15k at the 0.5 FIb retracement level, and finally 10k at the 0.618 Fib retracement level.
I'm using (Fib retracement log-scale)
The 0.618 Fib Retracement
Notice that after every high in history BTC goes down by 80%+ during the last 2 bull markets.
I'm looking t current support at 50ma in the monthly chart, possible bounce from here. but I don't know if this can hold,
If not next stop will be 15k at the 0.5 FIb retracement level, and finally 10k at the 0.618 Fib retracement level.
I'm using (Fib retracement log-scale)
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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.