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A wider perspective on BTC
Is the market at a turning point or will it continue to trend down?
We will have to watch the market as it unfolds..
Below takes a broad view of Bitcoin and focuses in to where we are right now.
BTC - Monthly Chart (RIP)
1. 61.8% Fibonacci (Historical retracement)
2. Previous ascending support channel ($7.6-6.3K)
3. Strong support at $5K
1. $12.5k (32% Fibbo, structural)
2. $10k (50% Fibbo, psychological, structural)
3. $9.2k (The single candle wick and saving grace)
Bitcoin is respecting the lower trend line of the...