BTC/USD - bear market over

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTC/USD updated chart using fib channels. I can see that btc will be making an attempt to pass 4200, however, if it does not break out of the range at the same area as the green line (indicating the level of the cross) then the break will not happen. As I believe we will be test 4200 before we get to the cross area, I expect a 4200 test, then a small retrace before continuing upwards to target 1 and target 2.

Target 1: 4870
Target 2: 5930

Keep in mind these targets are for Coinbase so please remember to adjust accordingly.

Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
Yellow line indicates t/p.
This is a log chart.

This is not financial advice. All charts shown on my page, including this one, are just for fun.

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