Bitcoin dropped from high of $12,000 over the last 4-5 months and currently finding support at $8,200 being fib level 0.618.
First Scenario, price breaks above trend line and Confirmation above $9,000, we expect to clear new highs of $15,000-$20,000.
Second scenerio, price doesn't respect support zone at $8,000 and keeps dropping below $7,500, we expect new lows to go below $4,000.
First Scenario, price breaks above trend line and Confirmation above $9,000, we expect to clear new highs of $15,000-$20,000.
Second scenerio, price doesn't respect support zone at $8,000 and keeps dropping below $7,500, we expect new lows to go below $4,000.