Price is following the Fibonacci retracement perfectly and we should see a bounce once the 50% zone is breached. If price breaches the 61.8% zone, then price will probably continue down, however now that 100k is in sight, I feel the big investors will push back once they have squeezed the last of the sellers out.
Bitcoin to 100k
Commentaire
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Price is still on Target and has simply tested the Ascending Trendline. We could see a short pull-back and Test the EMA (Orange) before once again heading higher to test the trendline once again. A break above this level clears the way for a push higher. A close below the EMA indicates the price may be pushed lower.
spot on! I didn't use the Fibbs but I kinda figured that the next new high would be around 78000 zone. seeing that's you have the same figures is definitely a confidence booster to my analysis.
Dom-B-Media
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@Lolo1_of_forex, We could pull as low as the EMA (Orange) but shouldn't breach any lower, then the 1.618 Fib is our next target, as you say around the 78k level.