Bitcoin tends to retest the 658x before rising further, we see a 61.8% correction zone for the H1 framefibonacci retracement at $ 6903.76 at the Bitstamp trading floor. Then BTC tends to continue to fall on the $ 5795.19 price target.
It should be noted that the BTC price may soar up from FR 61.8% as it created a double bottom zone at 6100 => The trend to create two peaks at $ 7093 or create two peaks at $ 7300. However, we found that the color appears quite low, and only added to the discount of the BTC only.
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Is the drop to 5795 supposed to constitute a new lower low? If not do you think its still to come according to your TA? How plausible is a slightly new higher low compared to the 5795 target?
GameonVentures
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@moviestar, i hope it canbe higher this target, but the market dont think so