People ask why I think 51-52k is a likely target?
The 0.618 fibbonacci level is at 48k. If you look at every cycle in history that fib level gets hit after every bottom.
But that's not 52k?
Take a look at the 350 period long moving average in green.
Price also reaches that level every time and it is currently sitting at 51k.
Good luck to you.
The 0.618 fibbonacci level is at 48k. If you look at every cycle in history that fib level gets hit after every bottom.
But that's not 52k?
Take a look at the 350 period long moving average in green.
Price also reaches that level every time and it is currently sitting at 51k.
Good luck to you.