Bitcoin to retrace to golden fib $6,251 - $6,060 then moon

2020年5月17日

Previous bars pattern may indicate that Bitcoin may retrace to the 50% 7k and or wick down to the golden pocket of $6251 to $6060 by end of June. Coincidentally the golden pocket will match up with the 200 weekly moving average. Looking for a strong rally to finally breakout from descending triangle to the upside to start a strong bull market where Bitcoin stays above the 21 weekly moving average until the next top. The next top may be around $245,000 near the end of 2021 but may people believe in lengthening market cycles so it may be as late as end of 2022. Although I am one of those people that believe in lengthening cycles only time will tell. By monitoring Bitcoin's progress over the next few months I will have a better understanding. Currently I am hodling but if the Bitcoin's price does finally retest the low 6k prices then I will be all in.