There are several reasons why Bitcoin will see lower price targets in the $ 18,000 range
The first reason we used the simplest tool for this claim is to use Fibonacci
As you know, cryptocurrencies are very interested in modifying the 0.5 Fibonacci range
Bitcoin is currently in the correction range of 0.382 Fibonacci, which if it returns above this range, it can see the price of 0 Fibonacci or $ 60,000.
But if it penetrates below the support level of 0.382 Fibonacci, given the fundamental policies that strengthen this possibility, it is expected that the 0.5 Fibonacci range, which is the price range of $ 18,000, will fall and correct.
I will put other reasons in the next posts
The first reason we used the simplest tool for this claim is to use Fibonacci
As you know, cryptocurrencies are very interested in modifying the 0.5 Fibonacci range
Bitcoin is currently in the correction range of 0.382 Fibonacci, which if it returns above this range, it can see the price of 0 Fibonacci or $ 60,000.
But if it penetrates below the support level of 0.382 Fibonacci, given the fundamental policies that strengthen this possibility, it is expected that the 0.5 Fibonacci range, which is the price range of $ 18,000, will fall and correct.
I will put other reasons in the next posts
Comment:
Correction: The point that was forgotten was that if the correction is up to 0.5 Fibonacci, it will reach the $ 25,000 range described in the next post, after which it is very likely that it will see 0.618, and the $ 18,000 price target is in the range of 0.618. is