BTC Here's a look at the price support for Bitcoin
Here's my work on Bitcoin price support
The blue line shows a 61.8 percent retracement at $7513 of Bitcoin price, (beginning at $1 thru $19666, the first bull run).
The orange line shows a 61.8 percent retracement at $7231 of Bitcoin price, (beginning at 3122.28 thru 13880 , the second bull run).
These two retracements are virtually identical in price which adds confirmation to this price range (7231-7513) This is where Bitcoin price SHOULD have support.
So far Bitcoin is holding strong here. All action in and above this range, is long-term bullish.
Give a "thumbs up" if you like. Thanks!
The blue line shows a 61.8 percent retracement at $7513 of Bitcoin price, (beginning at $1 thru $19666, the first bull run).
The orange line shows a 61.8 percent retracement at $7231 of Bitcoin price, (beginning at 3122.28 thru 13880 , the second bull run).
These two retracements are virtually identical in price which adds confirmation to this price range (7231-7513) This is where Bitcoin price SHOULD have support.
So far Bitcoin is holding strong here. All action in and above this range, is long-term bullish.
Give a "thumbs up" if you like. Thanks!
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