BTC will need to break the downward channel it's currently in right now. Consolidating sub 12k would allow for a nice base building before moving out to break up to new highs.
BTC will need to break the downward channel it's currently in right now. Consolidating sub 12k would allow for a nice base building before moving out to break up to new highs.
Yeah. I was surprised we didn't get a big market tank, but there was enough buyers to support the market yesterday. But the rally today just looks weak. It's a sideways movement, I don't trust. I still favor my target area of support before the market is done figuring itself out, same as your target area. We think alike.
Let's hope we're correct, alike, too!
i see a pretty strong support lie at the 13900 mark, i understand that the .618 sits on the $11,000 mark but ive been seeing crypto-market bounce of support or at .5 fib due to all the hodlers and they arent technical traders
Yes. The psychology of some new folks is distorting some of this. Best wishes to you!
I am hearing some voices about Bitcoin going as low as 8000 $ and staying on that level for quite some time. Lets not forget that right now the only thing it is good at is at selling BTC to other people. Of course i am not talking abour transactions since those take ages and lots of cash in fees