BitcoinLong
Bitcoin: Correction likely completed
Bitcoin has been sold aggressively and has corrected more than 50%.
I think we should see higher prices from here because:
1. Price has reached the 50% Fibonacci retracement (Mar 2020 low)
2. Rebounded off 30,000 key level
3. Price has not broken below the Spike volume bar
4. ABC correction extended to the 1.618 level
5. Most leveraged trades are already liquidated
I think we should see higher prices from here because:
1. Price has reached the 50% Fibonacci retracement (Mar 2020 low)
2. Rebounded off 30,000 key level
3. Price has not broken below the Spike volume bar
4. ABC correction extended to the 1.618 level
5. Most leveraged trades are already liquidated
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