Using fib retracements 25k feels inevitable. At least 2 more weeks of downside; 25k could be the bottom but if that doesn't hold the next target is 20k. Levels to watch out for: ~ 30k ~ 25k ~ 20k ~ 17k
@kubaneschneider, indeed it is. But to clarify I'm bullish on Bitcoin ultimately, just right now it's in a retrace and I see this as a good buying opportunity
JulianK89
⋅
nice chart! how did you determine that the centre of the circle around 50.5k?