Post
Topic
Board Speculation
Topic OP
[CahrtOld resistance to become new support?
by
dragonvslinux
on 28/10/2021, 13:28:16 UTC
Looking at the current price structure of Bitcoin, it seems like a good chance the the 0.618 fib retracement level around $53K will be re-tested before continuing the healthy uptrend. Similar to September, price corrected back down to the strong volume support zone of $40K from $53K with a 25% correction after an 80% increase. To me it seems likely that a 20% correction to the low $50Ks will now take place after a 70% increase. I also don't doubt