Bitcoin is holding but for how long?
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The Price of Bitcoin suddenly reached to $4200 and instantly dumped $3700. Since then the price has failed to reach that price again while only reaching to the price of $3950.
![](https://steemitimages.com/640x0/https://www.coinigy.com/assets/img/charts/5c89a4158d27b.png)
On the daily chart it seems to be holding since the dump but how long can Bitcoin hold while failing to reach the price of $4200?
![](https://steemitimages.com/640x0/https://www.coinigy.com/assets/img/charts/5c89a4c1c925d.png)
Right now its looking to be a potential rejection of the .382 with a touch at the .236 fib level
In my opinion we have a lot more to go down before we can retest the upper ranges we haven't had enough time at the bottom range for this to bear market to be over.
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Posted from my blog with SteemPress : https://whalereports.com/how-long-can-bitcoin-hold-its-current-price-range/