Bitcoin loves the .618 level, therefor it seems more likely that we will hit 11k and make a retrace. However this scenario assumes bullish momentum breaking .618 due to the halving event. Testing around the ATH with the AB=CD before retracing to the lower LOG line testing it one final time. Not perhaps bouncing directly, but perhaps bouncing as a large bull...
- We saw a nice bounce of the $6400 level - Major above sloping trend acted as resistance before, now it seems to be broken once more and should act as support - Current daily RSI and Chart now shows nice and almost parabolic move upwards
An idea of how the next bubble could play out based on previous growth and bubbles.
An idea of how the next bubble could play out based on previous growth and bubbles.
Bullish market can be confirmed once again when bounce occurs or better multiple can occur at this level.