Past few weeks have not been to bright for BTC-hodlers. However, it is important to point out that these corrections are more than normal in a bull cycle. Especially in a super-cycle should you be a supporter of that theory.
I'll leave a link to the super cycle theory
42k is definitely the most important level to hold in order for us to remain in a bullish market structure setup. Should we fail to hold this then our next support level should be around 38k which coincides with the golden pocket of the Fibonacci expansion.
How are you feeling about BTC today?
I'll leave a link to the super cycle theory
42k is definitely the most important level to hold in order for us to remain in a bullish market structure setup. Should we fail to hold this then our next support level should be around 38k which coincides with the golden pocket of the Fibonacci expansion.
How are you feeling about BTC today?
