Bitcoin just bounced from 78.6% fib level. And that too, two times in a week !!
If we see clearly, there's a doji formation earlier this week and now another bounce was seen today.
Earlier bounce did not have any boost in altcoins but today many altcoins were boosted in terms of both BTC and USD.
In this i have drawn some trendlines. These trendlines act as hidden resistence and support for bitcoin, which bitcoin doees not like and always break away.
But Bitcoin always retest these trendline, if seen carefully.
Theres no perfect target where bitcoin would go. But it seems it follows Fibonacci Time Zone. (At some point of its life)
The target would be 8600 USD (for now), at the 61.8 fibonacci level. And then 10,000 USD, which is mental resistance and also, the cross of two trend lines.
Rest depends upon the geopolitical schemes for crypto and the people to accumulate.
Lets hope for the best.
Thank You !!!!
If we see clearly, there's a doji formation earlier this week and now another bounce was seen today.
Earlier bounce did not have any boost in altcoins but today many altcoins were boosted in terms of both BTC and USD.
In this i have drawn some trendlines. These trendlines act as hidden resistence and support for bitcoin, which bitcoin doees not like and always break away.
But Bitcoin always retest these trendline, if seen carefully.
Theres no perfect target where bitcoin would go. But it seems it follows Fibonacci Time Zone. (At some point of its life)
The target would be 8600 USD (for now), at the 61.8 fibonacci level. And then 10,000 USD, which is mental resistance and also, the cross of two trend lines.
Rest depends upon the geopolitical schemes for crypto and the people to accumulate.
Lets hope for the best.
Thank You !!!!