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...
As mentioned in previous posts about bitcoin reform, in this post we will review a case to confirm previous posts.
Using the 200-day moving average indicator As you can see, in the past, the Bitcoin price chart has seen a long-term price correction every time the 200-day moving average price chart has broken down.
Based on classical technical analysis and past...
In the two previous posts that were published, there were reasons to further modify bitcoin that you can go and see
Now we examine whether this correction occurs or not based on the moving average indicator
We see that recently, using two indicators, the moving average of 50 and 200 days of death has occurred, so you can search for death and check the information...
The second reason that Bitcoin will see a range of $ 18,000 is the use of gap signals.
As you know, and Steve Neeson's book mentions this, the gaps in the price chart must one day be filled.
Now we have two unfilled gaps in the approximate range of $ 26,500 to $ 23,500 and also in the approximate range of $ 18,000 to $ 19,000. The second goal is to fill these gaps...