In my previous crypto idea (linked), I updated and mentioned the critical 3900 level I was watching which needed to hold to have a chance for bitcoin to prove that a major bottom was put in on Nov. 25. It was not to be - the 3900 zone has failed and I'm currently looking for the 3530 level as an initial bearish target given by the highlighted midpoint here (50% fib goes through this midpoint).
If we reach this target zone of 3530 we'd basically be testing the Nov. 25 low and bulls may attempt to form a triple bottom there. However, since we currently remain in an overall bearish move, I have to accept the evidence at hand and I'm back to anticipating my bearish longer term ethereum target of the 80-90 zone which I've mentioned numerous times (linked).
If we reach this target zone of 3530 we'd basically be testing the Nov. 25 low and bulls may attempt to form a triple bottom there. However, since we currently remain in an overall bearish move, I have to accept the evidence at hand and I'm back to anticipating my bearish longer term ethereum target of the 80-90 zone which I've mentioned numerous times (linked).
