$BTC Vision 👀
In the last few days Bitcoin has corrected to just above the 0.5 Fib level from the move from $28,800 to $58,300 and appears to be bouncing from there. I think we could see a repeated type pattern (see bar shadow on graph) as we enter into March which is traditionally a RED month for Bitcoin.
Prior to that, from now until around 6th-8th March I think we will see some nice price action from Bitcoin and the Alts but will be watching for rejection and then decline from around $57,000 price, which is also the 0.886 Fib level.
In the last few days Bitcoin has corrected to just above the 0.5 Fib level from the move from $28,800 to $58,300 and appears to be bouncing from there. I think we could see a repeated type pattern (see bar shadow on graph) as we enter into March which is traditionally a RED month for Bitcoin.
Prior to that, from now until around 6th-8th March I think we will see some nice price action from Bitcoin and the Alts but will be watching for rejection and then decline from around $57,000 price, which is also the 0.886 Fib level.