Very positive day but needs more support!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi guys, in my previous chart I mentioned that we may have a dip but not to worry as the Consensus conference was just around the corner. As I predicted, we have recovered very well since the conference has started. But it is not enough as we need to break the 8860 Mark to start pushing through new levels. Although many people panicked over the weekend, we didn't really get close to the 61% Fibonacci re-tracement mark so I was still holding my breath comfortably. Keep your eye on the chart tomorrow I expect the run to continue and hopefully break through the 23% mark. If we can do this, we may see new highs and we would be out of the grey area that we have not been able to get out of.

Yesterday was a good time to buy in, but if you want to buy more you are not late, these are last days we may ever see BTC in this price range.

Remember always do your own research. Good luck!


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