As you can see on the chart, Bitcoin is forming a double bottom.
We can only know for certain if it bounces from the 100% fib. retracement.
If it falls far below that I don't think Bitcoin will recover anytime soon,
if it does happen the next support could be as low as around 2500 euros!
I'm LONG for now because I think it will bounce, but if it doesn't you have been warned!
We can only know for certain if it bounces from the 100% fib. retracement.
If it falls far below that I don't think Bitcoin will recover anytime soon,
if it does happen the next support could be as low as around 2500 euros!
I'm LONG for now because I think it will bounce, but if it doesn't you have been warned!