As you can see on the chart, Bitcoin has finally finished its "Wick Off Check" phase. The previous resistance turned into a support, and Bitcoin may be in an ascending channel now. If you analyze past bull runs, you can notice that Bitcoin always reach the 2.272 Fibonnaci Levels before entering the Bear Market.
So if history repeats itself, Bitcoin should reach that 200k mark around January. Why ? Remember, bull runs often ends around December/January.
What do you guys think about this analyzis ? Give me your opinion down below
So if history repeats itself, Bitcoin should reach that 200k mark around January. Why ? Remember, bull runs often ends around December/January.
What do you guys think about this analyzis ? Give me your opinion down below