Bitcoin Higher Low and Possible Higher High
Hi everyone,
Thank you for considering reading my idea.
With the current pattern, Bitcoin has been forming higher lows and now, another possible higher high. My targets are these levels of the pink Fibonacci Retracement:
1.272 - 25.2K
1.414 - 25.7K
1.618 - 26.5K
26.5K is also the 0.618 level of the purple Fibonacci Retracement.
It's also possible in the next few weeks, the 20 week moving average (white) will catch up until it reached 26.5K.
We're also forming an ascending channel which is a bit bearish.
Thank you for reading my idea. Like this idea and follow me for more ideas like this. NFA. TAYOR. DYOR.
Cheers,
Juvs
Thank you for considering reading my idea.
With the current pattern, Bitcoin has been forming higher lows and now, another possible higher high. My targets are these levels of the pink Fibonacci Retracement:
1.272 - 25.2K
1.414 - 25.7K
1.618 - 26.5K
26.5K is also the 0.618 level of the purple Fibonacci Retracement.
It's also possible in the next few weeks, the 20 week moving average (white) will catch up until it reached 26.5K.
We're also forming an ascending channel which is a bit bearish.
Thank you for reading my idea. Like this idea and follow me for more ideas like this. NFA. TAYOR. DYOR.
Cheers,
Juvs
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