Bitcoin targets in the short term
On the bullish note,
According to Fibonacci retracement, Bitcoin will try to reach ~26,500.
If that is crossed then, ~30,000$
On the bearish note,
Bitcoin will test November's closing price ~19,700. If Bitcoin can stay above, the bullish trend will continue. But if it breaks, then trend may reverse.
According to Fibonacci retracement, Bitcoin will try to reach ~26,500.
If that is crossed then, ~30,000$
On the bearish note,
Bitcoin will test November's closing price ~19,700. If Bitcoin can stay above, the bullish trend will continue. But if it breaks, then trend may reverse.
Note
RSI is above 85 that is dangerous. So a 25-50% crash shouldn't be surprising.
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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.
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.