lodrickthomas

Bitcoin (BTCUSD) to 70000?

Long
BYBIT:BTCUSD   None
After a huge price drop experience a few months ago, BTC found its reversal point at 61.8% fib!

After that Bitcoin continued to rise and so far it trades around 48000 price level!

IMO, and according to fib extension for the coming months, we might see Bitcoin create a new higher High at around 70000 price level!

What do you make of this? is 70000 archivable?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.