Hey everyone, glad to back with you on a weekend.
If you look at my chart this time, you will see that there's always been a drop in price, a recovery close to 0.618 on Fibonacci, and then a retracement from there.
Watch Fibonacci levels closely guys. We have had 7 cycles of this same pattern since the all-time high.
Look at my last post about BTC being a feline and having 9 lives. I believe we will also have 9 cycles of this 0.618 Fibonacci pattern before turning bullish. We're still in a bear market and it will take a few more weeks/months before we switch bullish.
I still believe we will fall to $2800 and $2000/1800. Our last two 0.618 Fibonacci patterns will see us go down to these prices. If we drop to 2k/1.8k first, then the second will be a higher low at 2.8k.
See you guys! Have a good weekend!
PEACE!