Could We Have the Bitcoin back to 29000 soon?
Bitcoin price still under heavy correctional pressure. We are almost near the 100% of Fibonacci correction level on the hourly charts. Today, we target the Bitcoin price to reach the yellow area between 288871-29400, and that conditional on trading above the 28003 level and the MACD bullish crossover. On the other side, retracting below the 27276 level, may invalidate this hypothesis, and may lead the Bitcoin price to the full correction.
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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.