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BTC ON THE WEEKLY

Bitcoin (BITSTAMP:BTCUSD)  
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BITSTAMP:BTCUSD   Bitcoin
Fibonacci Chart Patterns fibs Bitcoin (Cryptocurrency) weeklymarketsanalysis
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fibonacci chartpattern fibs bitcoin weeklymarketsanalysis
Looking at BTC on the weekly we can get a good idea of where the price may head to.

The RSI has been overbought which has not happened since the last bull run.
We should see strong support at 38 fibs

IMO we may head back down to the 50.0 fibs which would line up with the over trend and make for a healthy bounce form there.

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