Bitcoin recorded over 44% gain in the last 24 hours, and with this pump, the macro trend has turned in bullish.
Bitcoin Fib Levels:
Bitcoin price bounced from 0.382 Level around 7298$ and rejected above 0.618 Level.
Bitcoin Next FIB Level support is at 0.5 FIB Level: which is at around 8570$.
I would like to see bitcoin above 8500$ area for further bullish continuation which should push the price to 18,000$ before halving.
I will start building LONG Positions from 8500$ Level and will double down positions if it drops further. 7500$ should be a good area to put a stop. and target should be around 15000-18000$ before Halving in May 2020.
Bitcoin Fib Levels:
Bitcoin price bounced from 0.382 Level around 7298$ and rejected above 0.618 Level.
Bitcoin Next FIB Level support is at 0.5 FIB Level: which is at around 8570$.
I would like to see bitcoin above 8500$ area for further bullish continuation which should push the price to 18,000$ before halving.
I will start building LONG Positions from 8500$ Level and will double down positions if it drops further. 7500$ should be a good area to put a stop. and target should be around 15000-18000$ before Halving in May 2020.