Akado

Akado

Like usual, Bitcoin is respecting fib retracement levels. It seems we're consolidation on the $620-$700 range. A breakout of that area will possibly take us to our first target of $750 and if it breaks that it could hit our second target of $800 which is a long term and strong resistance. Breaking 800 would be extremely bullish but I would expect a pullback...

Akado

If we go up from current consolidation and pass the ~$700 target area, breaking the 1st FIB Retracement level - 0.236 - we will probably head to the 1st Target Area around $830. If we break that, chances are we will aim for the 2nd Target area around $1100. I got the 1st and 2nd Target via confluence of Fib Extensions. I did a fib extension on the bigger trend...