BTC Capped Out?

9 thg 1, 2021

BTC has skyrocketed but what goes up eventually needs to retrace. On the Fibonacci Channel, we see it hitting the top of one at 42k. It has the potential to continue upward to 44k but it's a risky and potentially very fast moving play. If you made, it's not a bad idea to take some profit out and leave a little runner going. Expecting a retracement down to 34k and possibly 28k. If it keeps going, we are now in unknown territory.