Bitcoin
Hello friends
Today I want to share my thoughts on Bitcoin.
we have reached 13.9k and are moving down now. I am still convinced that this is a correction after which there will be an upward movement. I'm waiting for the support level 9200 there is a chance that we can go lower and touch the support line of black downtrend channel. The same line of support roughly coincides with the MA100, which is also a good support for Bitcoin - 8500. Aslo this is 50% level fibonacci.
And the most interesting scenario is if we reach the level of 8000. From there we will most likely go up and at this time a lot of people will say that this is a pattern head and shoulders and we have to go even lower. But I'm not sure that we will punch 8k. Most likely it will be the best point to enter the market. I am confident in the long-term growth of Bitcoin on this recommended to arrange the grid for the purchase levels.
Thank you
Best regards EXCAVO
Today I want to share my thoughts on Bitcoin.
we have reached 13.9k and are moving down now. I am still convinced that this is a correction after which there will be an upward movement. I'm waiting for the support level 9200 there is a chance that we can go lower and touch the support line of black downtrend channel. The same line of support roughly coincides with the MA100, which is also a good support for Bitcoin - 8500. Aslo this is 50% level fibonacci.
And the most interesting scenario is if we reach the level of 8000. From there we will most likely go up and at this time a lot of people will say that this is a pattern head and shoulders and we have to go even lower. But I'm not sure that we will punch 8k. Most likely it will be the best point to enter the market. I am confident in the long-term growth of Bitcoin on this recommended to arrange the grid for the purchase levels.
Thank you
Best regards EXCAVO
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