BTC in a falling wedge approaching the 0,618 fib
I expect BTC to find support just above 8500 at the 618 golden ratio fib level. This in perfect combination with a falling wedge breakout.
If you look at Bitcoins past performance, it has respected the 61.8 fib level many many times during previous bull cycles. This, if you believe BTC is in the early stages of a new bull market like I do myself.
If you look at Bitcoins past performance, it has respected the 61.8 fib level many many times during previous bull cycles. This, if you believe BTC is in the early stages of a new bull market like I do myself.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.