Currently there exists a gap of around 3000 USD between roughly 80.000 USD and 77.000 USD. This gap is around 20-22 % from the last top and also marks a zone between two fibonacci lines (0.283 from the last lowest low and the 0.382 line from the low before that).
My educated guess is that we get a relatively 'normal' traceback to that zone. To fill the gap and to build up momentum for another rise in the bitcoin price.
Note that pullbacks of 20 percent are quite normal, although the range in Dollars can get larger and larger as we go higher and higher.
Please like if you share my opinion.
My educated guess is that we get a relatively 'normal' traceback to that zone. To fill the gap and to build up momentum for another rise in the bitcoin price.
Note that pullbacks of 20 percent are quite normal, although the range in Dollars can get larger and larger as we go higher and higher.
Please like if you share my opinion.
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