The Bitcoin Correction May be Over
The long-anticipated correction of bitcoin's price has taken place, with the price falling to the .382 fib.
I believe this fall was not because of negative bitcoin news but because of the RSI bearish divergence which has now been corrected.
That being said, I suspect that we will close the daily candle at the .5 Fibonacci around 46,700.
From there, I find it likely that we will bounce off of the bottom of this range and continue upwards.
God Bless!
I believe this fall was not because of negative bitcoin news but because of the RSI bearish divergence which has now been corrected.
That being said, I suspect that we will close the daily candle at the .5 Fibonacci around 46,700.
From there, I find it likely that we will bounce off of the bottom of this range and continue upwards.
God Bless!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.