Bitcoin retraced multiples times to the 0.5 and 0.618 Fibonacci levels during both the bull market and last bear run. Breaking the channel would a sell off and an opportunity to buy in the $6,000-$5,500 range.
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.
