Break out from consolidation level 5500-6000 allows $12K Target
Forecasting a high of $12k using fibonacci projection. If the 2nd to previous all time high ($5k) becomes the 78.6 and the most recent high of ~6.2k (which we are breaking out of today) becomes the 61.8 retracement, it suggests a top of around $12k.
Trade chiuso: obiettivo raggiunto:
Target reached.