A clear rejection off the 0.5 fib retracement sets an algo target of a little above $8000 for bitcoin
This is greater than 2.5x off the previous cycle low
This would be an 87% retracement from ATH (a fairly typical boom-->bust retracement size for bitcoin)
Target invalidated with a monthly close above 36k
This is greater than 2.5x off the previous cycle low
This would be an 87% retracement from ATH (a fairly typical boom-->bust retracement size for bitcoin)
Target invalidated with a monthly close above 36k