BTC holding hands with Fibonacci - $4,500 on the table soon!
Time to move from the 61.80%
The recovery of Bitcoin (BTC) have been respecting all fibonacci levels.
Yesterday prices didn't move away from the 61.80% level, consolidating, as the bullish mood is still traced by the daily MACD.
If the BULLS step up again, we might see a wave all the way up to $4500's as the 78.60% fibonacci level is clearly marked at $4541.6.
That level might as well be the minimum target for that inverse H&S that i marked last week
That pattern were completed with a $200 rally.
Looks like BTC is touching its roof by the end of September, it is totally possible, but the mood for October still needs more data to even try to forecast.
So stay connected, constantly making updates!
DISCLAIMER: This is not financial advice, always make your due diligence.
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Excellent information. Do you believe that the next hardfork of bitcoin will affect the price and maybe go down to 3000.
Totally, fear will have an impact but BTC shall survive for now. It needs to adapt though because the fundamentals of some altcoins will leave it behind sooner or later. Have a great day!
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