Bitcoin, Another Drop or Bounce? Next Target Mapped
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Bitcoin continues to be massively bearish with prices breaking below all major EMAs while aiming lower.
On the chart above, we have BTCUSD on the daily timeframe.
The 0.618 Fib. retracement support has been broken and the next support is sitting between $7180 and $7305, this is the 0.786 Fib. retracement support level.
After this level is hit, we are likely to have a bounce (1/Green arrow).
If the bears gain additional momentum and the $7180/$7300 support price range is gone, we are likely to visit lower before the next jump (2).
Do you agree with this analysis?
Where do you think Bitcoin will go to next?
Share with us in the comments section below.
This is not financial advice.
Namaste.
On the chart above, we have BTCUSD on the daily timeframe.
The 0.618 Fib. retracement support has been broken and the next support is sitting between $7180 and $7305, this is the 0.786 Fib. retracement support level.
After this level is hit, we are likely to have a bounce (1/Green arrow).
If the bears gain additional momentum and the $7180/$7300 support price range is gone, we are likely to visit lower before the next jump (2).
Do you agree with this analysis?
Where do you think Bitcoin will go to next?
Share with us in the comments section below.
This is not financial advice.
Namaste.
Nota
☘️ YOU ARE WHAT YOU THINKWe are what we think.
Change your thoughts and this will change your surroundings/reality.
Practice conscious feeling and you can change how you feel.
Practice meditation and you will be rich in all areas of your life.
Rich in health.
Rich in wealth.
Rich in success.
Rich in peace.
Rich in love.
Rich in everything that you want...
Just breathe deeply and let go of your thoughts.
Namaste.
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