Where is Bitcoin going?

Last cycle BTC worked well with the FIBs respecting the top in the end almost to the point and would in hind sight have been a good place to sell everything.

This time round Bitcoin seems to be respecting the fibs even better and at certain points stopping for an accumulation phase before the next leg up.

If it carries on like this then the next leg would take us to around 85k/95k which would also be a perfect place for more accumulation before we break 100k and media/proper retail FOMO into the market.

It will be very interesting to see how the media and other events are playing out around this time.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.