Description
⋅ Hey Guys!
Bitcoin began to move in ascending channel since early 2107.
Now top of this channel was broken and already retesting. Resistance become support.
As we can see on a daily chart correction remains between 61.8 - 38.2 most of the time
Now there are two clear possibilities. If upside line will keep the price one of the opportunities is 161.8 Fibs, with is area near and about $16000.
Alternative is deeper pull back to 61.8 - 38.2 Fibs and this is distance between 4700-5900 area.
Leave your comments about current situation below.