Bitcoin is currently testing 2 important resistance levels:
1. Fibonacci .5
2. The bottom of an ascending channel (trend line)
These two are converging, which adds to my conviction that a bottom has been found!
This should also be viewed in combination with the RSI being extremely low and at levels comparable to the summer 2021 crash
1. Fibonacci .5
2. The bottom of an ascending channel (trend line)
These two are converging, which adds to my conviction that a bottom has been found!
This should also be viewed in combination with the RSI being extremely low and at levels comparable to the summer 2021 crash