BTC LAST PULLBACK BEFORE RISE?
Bitcoin is on the way to retest the former big resistance line
Bitcoin last movement has revealed that it needs to consolidate the former big resistance (that comes from the last ATH), into a support before rising again.
It has not been tested yet, so this will be the first time to check if it has become a support line or not.
Fibonacci 0,5 is already in the predictable bound zone, so it adds probabilities to this to occur.
If this trend line is violated, we would be in another (quite bearish) scenario...
Notice:
This free information is not financial advice. The opinions and analyzes that are offered are only informative and as a result of a personal analysis. Always make your own inquiries and invest only that money you can afford to lose.
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Hope bitcoin bound and enter into a bullish scenario. I'm really tired to wake up in the morning and see all red. I have to go to the park to see some green! XD
It is true! Who the hell left open the red dye bottle in coinmarketcap?