0.86 Fib. retracement level , and what it means for Bitcoin

in #bitcoin • 2 years ago (edited)

Hello ,

We could see that historically , the bottom for BTC is below 0.786 and usually almost touching 0.86 Fibonacci retracement level. / from the previous bottom to the last top/ . ( Weekly chart)

The fib. 0.786 and 0.86 levels are often a bottom for bigger corrections , not only in the crypto market.

Then breaking upwards the fib. "golden pocket" 0.618 level is a confirmation for the next bull run. In that case that is 28K fo BTC.

Buying below 0.786 fib. is one of the best opportunities EVER.

*A lot of indicators have already shown that the bottom is in .

BTCUSD_2022-10-31_08-32-27.png

#btc #crypto #stockmarket #cryptomarket
2 years ago in #bitcoin by
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