Hello Traders
As you can see in the chart above, Bitcoin has not yet made a Lower low neither lower high. So technically, it's still completely bullish.
On the other hand, the Bitcoin price was rejected on a 0.618 Fibonacci level, a static support line.
Price got Supported on the trendline, which was started on 10000.
If you were an institution, would you buy on top or make a dip happen and then buy?
The previous correction was 28%, This was only 18%.
------------------------------------------------------------------------
What is your opinion? Comment below.
If you like the idea, please hit the like button and follow me so that you won't miss the updates. The information given is never financial advice. Always do your research too.
Good luck.
As you can see in the chart above, Bitcoin has not yet made a Lower low neither lower high. So technically, it's still completely bullish.
On the other hand, the Bitcoin price was rejected on a 0.618 Fibonacci level, a static support line.
Price got Supported on the trendline, which was started on 10000.
If you were an institution, would you buy on top or make a dip happen and then buy?
The previous correction was 28%, This was only 18%.
------------------------------------------------------------------------
What is your opinion? Comment below.
If you like the idea, please hit the like button and follow me so that you won't miss the updates. The information given is never financial advice. Always do your research too.
Good luck.
