Hello fellow traders. Here is my idea of where BTC might be heading in the next few months. If past BTC history is to play out which it has many times before, we are do for a 30-40 % correction in the market. That would land us right at around 14k for the .618 fib retracement. (BTC loves to bounce back at .5-.618 retrace) Some critical support I must say! However will be bought up fast at these levels so be on your guard. I feel this will line up perfectly with the 21 weekly MA as critical support as well.
At 14k, everyone will be calling for lower and lower prices, but I feel this will be the end all until we reach a new high. Just my two satoshis. Let me know what you all think of this idea!
At 14k, everyone will be calling for lower and lower prices, but I feel this will be the end all until we reach a new high. Just my two satoshis. Let me know what you all think of this idea!