Bitcoin / TetherUSUpdated Fib Retracement to $55,000 before retesting $69,000 ATH
Local top matched random line from 2020.
Trend-based Fibonacci extension along with other trend lines indicate possible retracement to $55,000 or $52,000 before retesting $69,000 ATH.
I think there is a low, but existent possibility of BTC dropping to the $40,000 resistance if there is some really bad news somewhere.
Trend-based Fibonacci extension along with other trend lines indicate possible retracement to $55,000 or $52,000 before retesting $69,000 ATH.
I think there is a low, but existent possibility of BTC dropping to the $40,000 resistance if there is some really bad news somewhere.
Note
We hit $57,000 and then bounced. I think the previous resistance line is now a pretty strong support. I think we'll touch it one more time at around $60,000 before breaking out.Trade closed: target reached
Hit my price targets almost exactly.
Dang
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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.