Bitcoin Has bounced off the 0.5 Fibbonacci Retracement level from previous low around $12,800 and it bounced off the and the 4 hour ichimoku cloud kijun(think slower ema like 200 day ema, the price always wants to return to this equilibrium before continuing its trend) , which occupied the same level as the 0.5 Fib retracement Level. Also this level is right above the uptrend level and a strong horizontal price support. There seems to be a good bit of support and If the price doesn't fall below these levels, a Fibonacci extension will give us a target of $24,000.
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Bitcoin broke that support level but bounced on the 6 hour kijun. if it breaks that level, the bear is in
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