Are we ready for a recovery in the Bitcoin market?
Over the past 24 hours, Bitcoin has taken a steep hit.
A few weeks back we highlighted the potential AB=CD 127.2% pattern at 8236.3, which is close to completing. We also highlighted the broken Quasimodo line at 7592.0.
Right now, however, the unit appears to be finding a big just ahead of demand planted at 8821.0-9907.0.
Is a recovery a possibility from here, or do you believe that there's further downside left in the old girl yet?
A few weeks back we highlighted the potential AB=CD 127.2% pattern at 8236.3, which is close to completing. We also highlighted the broken Quasimodo line at 7592.0.
Right now, however, the unit appears to be finding a big just ahead of demand planted at 8821.0-9907.0.
Is a recovery a possibility from here, or do you believe that there's further downside left in the old girl yet?
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