Hello traders,
As you can see from the chart, we had a pull back from our local high of 436 sats down to the .236 fib which has shown a strong reaction to likely marking the bottom. As we begin to head higher I think it's important to look at the big picture for potential targets of this move. As we look left on the chart we notice there's some nice correlation with the 2.618 fib level and a potential rejection level likely marking some significance. I believe this next leg up will go over 1000 sats. To put this in dollar terms, if BTC is at it's current price level (about $55k), we'd likely seem $Loom around 60 cents!
This is not financial advice, do your own research.
Cheers!
As you can see from the chart, we had a pull back from our local high of 436 sats down to the .236 fib which has shown a strong reaction to likely marking the bottom. As we begin to head higher I think it's important to look at the big picture for potential targets of this move. As we look left on the chart we notice there's some nice correlation with the 2.618 fib level and a potential rejection level likely marking some significance. I believe this next leg up will go over 1000 sats. To put this in dollar terms, if BTC is at it's current price level (about $55k), we'd likely seem $Loom around 60 cents!
This is not financial advice, do your own research.
Cheers!
