The bitcoin is below a macro tendency of Fibonacci in the monthly time frame. We are so in a strong bearish trend because the Bitcoin is far away from the key level of 61%, that marks the trend. Glimpsing that to the continuity of the devaluation of the asset is expected, but as we expect another run there is a question that comes to mind " Where this bearish run its gonna end?". Technically the historical supports are a point of the comeback of the price. We identify 3 possible bottoms for the Bitcoin, being the third and last one more plausible to the comeback of the price.
And the prices are $2.927,00 ; $ 1.856,00 and
$ 1.146,00 ( The most plausible).
Thanks for reading and have nice trades.
And the prices are $2.927,00 ; $ 1.856,00 and
$ 1.146,00 ( The most plausible).
Thanks for reading and have nice trades.