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EBITDAtiger
Feb 17, 2021 12:08 AM

BTC could be headed to $55,000 level at the .236 fib Long

Bitcoin / U.S. dollarBitstamp

Description

Interesting looking chart for BITSTAMP:BTCUSD

On the 4 hour chart the 50 & 100 day moving averages crossed up through the 200 day moving average. I guess you could call this a double golden cross.


If BTC follows along what seems to be a trend that is not yet exhausted based on RSI and MACD, it could hit the .236 fib Retracement level or roughly $55,000
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