Bitcoin might meet some lower targets before finall rally!

in #bitcoin5 years ago (edited)

Fib.png
https://www.tradingview.com/x/56DhL2FG/

The majority of people got very bullish on BTC after the 12% run in the last two days.

But if u connect the bottom of the last bearmarket and the Alltimehigh with the Fibonaccitool in 2019, u can see that BTC can still meet the 5000-6000 Area.

Furthermore we are still in the bearish channel which now lasts over 6 months, currently we are meeting the resistens of this channel, now is a very exciting moment where BTC either breaks this MASSIVE channel to the upside, or we will see another leg down.

What is your opinion feel free to share it :)

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