This is purely a Fibonacci estimate. If the 0.236 Fibonacci level breaks (7,050) then Bitcoin should target the next retracement level, which is the 0.382. From the 19,700 All Time High to the 3,150 bottom, this is approximately 9,500.
The supporting line of the previous bull run (2016/ 2017) may provide some Resistance along the way but the current 1D Higher Low trend line (green) supports. The fundamentals can push it on an even faster pace.
Long term charts on the new bull cycle:
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The supporting line of the previous bull run (2016/ 2017) may provide some Resistance along the way but the current 1D Higher Low trend line (green) supports. The fundamentals can push it on an even faster pace.
Long term charts on the new bull cycle:
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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www.investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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