Hi, today we are going to talk about Bitcoin and its current landscape.
We observe on at the weekly chart that the 2019 bull run it's actively resisting at trend continuity the 38% of Fibonacci retracement. The most important level to the continuity of the bull run became support almost impassable, putting the price as a critical point of this level. With the breakout of the pattern above, we can have a strong reaction of the price. The targets are described above trough the Fibonacci extension, that for a mathematical coincidence with the all-time high, but the most important level of this extension it's above beyond $6.000.00 from the breakout of the ATH.
Thank you for reading and leave your comments if you like.
We observe on at the weekly chart that the 2019 bull run it's actively resisting at trend continuity the 38% of Fibonacci retracement. The most important level to the continuity of the bull run became support almost impassable, putting the price as a critical point of this level. With the breakout of the pattern above, we can have a strong reaction of the price. The targets are described above trough the Fibonacci extension, that for a mathematical coincidence with the all-time high, but the most important level of this extension it's above beyond $6.000.00 from the breakout of the ATH.
Thank you for reading and leave your comments if you like.