The recent price action seen with Bitcoin attempting to break $9k (B) is a carbon copy the same as we saw when Bitcoin was attempting to break $6k (A).
There was bouncing between the 61.8% and 87.6%, before eventually breaking through and then extending out towards fib level 4.272 at $8.5k.
If we extrapolate that for the recent move at $9k then we get something like $18.7k (C).
Anyway thought i would share the similarities between the two.
I would not recommend trading off this chart for obvious reasons but i remain bullish.
filbfilb
There was bouncing between the 61.8% and 87.6%, before eventually breaking through and then extending out towards fib level 4.272 at $8.5k.
If we extrapolate that for the recent move at $9k then we get something like $18.7k (C).
Anyway thought i would share the similarities between the two.
I would not recommend trading off this chart for obvious reasons but i remain bullish.
filbfilb
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