Im not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.
Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What Im seeing here is another breakout is for BTC. Guys like to know your thoughts about this.
Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What Im seeing here is another breakout is for BTC. Guys like to know your thoughts about this.
I'm kind of going the opposite route.. I think we will eventually get there but in my opinion this entire run up just feels like a big bull trap. I think we retest 9k at the bare minimum and hopefully find some footing and do that long needed consolidation period we've been avoiding. I want to be as optomistic as everyone else, but I'm still feeling overwhelmingly bearish. I hope you are right though and we start the path upwards to 20k.