Quick plot to study the probable bottom of retrace from 14k.
Left is 1h tf, showing perfect Hourly Candles around the 24.96 extension. Right frames are small tf's, showing the fibonacci pattern of the pullback. There are several signs of this dip being done, per all dips on this bull run.
Of course, it could easily dip lower or crash full 40% like others mention. But the fundamentals and fomo-mentals are in full force and working. There are targets above the chart frame, pull down on the price scale.
Part of my ongoing analysis of Bitcoin moves: <=Perfect <=6 wks ago <=Perfect
Comment
⋅
At key level right now, the 2.236 that is a common resistance during a wave retrace attempt.
.
Comment
⋅
Possible double bottom with a perfect Ping of the 7.236 linear fib series