Make it or break it? Bitcoin will close the weekly candle within two hours. Closing the week below the 0.618 Fib ($ 20.200,-) is not convincing and shows in my opinion weakness for maintaining these price levels. Even $14k is then a possibility; it's the 0.786 Fibonacci retracement level.
An hour ago, Bitcoin made its first attempt to break the 20k level. Volume is pretty low, though, so that doesn't look good for the bulls.
I expect quite a bit of volatility over the next two hours.
Regardless of the low volume, I am still confident that the 0.618 fib is the bottom and a trend reversal is about to occur.
It's time for the bulls to roar; my target is $126.000,-. It is the 1.382 Fibonacci extension.
Time will tell if we'll see $14k first, though.
An hour ago, Bitcoin made its first attempt to break the 20k level. Volume is pretty low, though, so that doesn't look good for the bulls.
I expect quite a bit of volatility over the next two hours.
Regardless of the low volume, I am still confident that the 0.618 fib is the bottom and a trend reversal is about to occur.
It's time for the bulls to roar; my target is $126.000,-. It is the 1.382 Fibonacci extension.
Time will tell if we'll see $14k first, though.