I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.
Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.
You can see that bitcoin prices started to rebound after touching $ 6000 last month. At present, bitcoin has recovered to $ 9800 and is still on the rise. I think the bitcoin price could come back to the $ 20000 level next month with a strong rebound as it is at the moment. So this is a great time to buy bitcoin.Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.