BTC on weekly 50SMA
BTC is on the important Fibonacci 0.618 level
RSI under 50
we might see a huge move by bitcoin soon. either we dump down to the weekly 200 SMA which i dont believe since 50 sma and 0.618 Fibonacci seem to support strongly or we bounce up to the 0.5 or 0.382 Fibonacci Level
BTC is on the important Fibonacci 0.618 level
RSI under 50
we might see a huge move by bitcoin soon. either we dump down to the weekly 200 SMA which i dont believe since 50 sma and 0.618 Fibonacci seem to support strongly or we bounce up to the 0.5 or 0.382 Fibonacci Level
Comment:
we ve been staying above the 0.618 fibonacci level, so my take would be that if we stay above the weekly 50sma we might encounter a new bullrun