There is big-time resistance around the $11.6k USD price - conveniently this is RIGHT AT the .618 Fibonacci versus the ATH.
Until we see it break through this and into the cloud on the daily, the verdict is still out... (can see it on the hourly as well)
If it continues to meet too much resistance I would expect it to fall to the next Fib level - .786 - $9k USD.
Until we see it break through this and into the cloud on the daily, the verdict is still out... (can see it on the hourly as well)
If it continues to meet too much resistance I would expect it to fall to the next Fib level - .786 - $9k USD.