BitbullTrading

Bitcoin holds on to Fibonacci level!

BITSTAMP:BTCUSD   Bitcoin
Hello all,

Enclosed is another update on the bitcoin price.

As you can see, we have seen a very strong push to the top. I do not want to fill you with many lines and indicators. Very simple and just look at the Fibonacci level. This is created from the start of the correction, to our bottom.
I have marked two possible scenarios for you. If we continue to go up and leave the 1 Fibonacci level behind us, the path is clear towards 47-48K.
Strong support is the 0.786 Fibonacci level, which is where we did very well over the weekend. If this support breaks, I would keep an eye on the Golden Pocket!

Stay healthy and take care of yourselves!

Yours

BTC Moneymaker


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