Bitcoin - A New Uptrend?

in #bitcoin • 6 years ago

My last analysis didn't pan out exactly.

While Bitcoin did pullback, it never made it to 13000.

In hindsight, it would have had to leave the Fibonacci Fan and start a new uptrend, and it was just too soon for a new uptrend.

However, someone made a huge move to the upside recently, so BTC has now left the Fibonacci Fan for the recent correction.

Could the correction be over and a new uptrend is beginning?

No one can ever say for sure, but I am bullish and think that right now is a solid buy point, since the previous swing low of 6K was supported.

This could mean some nice gains for early investors.

#btc #crypto #cryptocurrencies #cryptos
6 years ago in #bitcoin by
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