Hello fellow traders,
I have been analyzing BTC/USD and noticed there is strong support at the .618 fibonacci level on the daily chart. If we look back in December, the bullish impulse leg began on December 13th. With that said, Bitcoin's correction may be over and it could bounce from the .618 level and create a new all time high by the end of the month. I firmly believe that Bitcoin still has plenty of room to grow. As I write this, the cryptocurrency market cap is at approximately 570 billion dollars. To put things into perspective, Apple has a market cap of 916 billion dollars. Bitcoin and altcoins will continue to grow, it's just a matter of time.
Happy Trading,
Cole
I have been analyzing BTC/USD and noticed there is strong support at the .618 fibonacci level on the daily chart. If we look back in December, the bullish impulse leg began on December 13th. With that said, Bitcoin's correction may be over and it could bounce from the .618 level and create a new all time high by the end of the month. I firmly believe that Bitcoin still has plenty of room to grow. As I write this, the cryptocurrency market cap is at approximately 570 billion dollars. To put things into perspective, Apple has a market cap of 916 billion dollars. Bitcoin and altcoins will continue to grow, it's just a matter of time.
Happy Trading,
Cole