Bitcoin is making the much anticipated correction after this big climb.
This is the first time it has been below the 50-period average since October, a very important level, and as shown in the chart the price could find support at the 0.5 and 0.618 Fibonacci levels and then rebound.
At worst it could go below the 200-period average, and in this case I will consider it a long-term trend reversal.
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This is the first time it has been below the 50-period average since October, a very important level, and as shown in the chart the price could find support at the 0.5 and 0.618 Fibonacci levels and then rebound.
At worst it could go below the 200-period average, and in this case I will consider it a long-term trend reversal.
Remember to leave a like!
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