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Bitcoin at the moment trading on a strong 1.168 Fibonacci level as You can see that in the chart. Strong level approx at 31 400$, we could bounce off the strong level and with time reach approx 39 900$, which would be nice 25% movement upwards. At 39 900$ we have a resistance if we could break through the strong level, we could easily see BTC reaching the 50 000$ mark. Also, BTC could go down to the next support level which is at 27 800$ and then goes back and try to reach 39 900$ again. The chart shows that at the moment we are moving sideways and at some point, we gonna break the upper level or go back down and retest previous levels. I am bullish on BTC as a lot of news keeps on coming out, a lot of companies start to invest only now their money. There are some ridiculous predictions about where BTC can go, but let's remember that we might have also a big correction coming after reaching Big levels. My advice is - don't panic and sell your positions.
Remember to use money, You can afford to lose!
I am not a "Financial advisor", so before doing something, do Your own research!
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For more free content, please press the "Follow" button and "Like" this post.
Thank you and have an awesome day.
See You soon,
Richard Davis.
If You would like to see more of the trades, press that "Follow" button!
Also, don't forget to leave a comment down below, what do You think?
--------------------------------------------------------------------------------------
Bitcoin at the moment trading on a strong 1.168 Fibonacci level as You can see that in the chart. Strong level approx at 31 400$, we could bounce off the strong level and with time reach approx 39 900$, which would be nice 25% movement upwards. At 39 900$ we have a resistance if we could break through the strong level, we could easily see BTC reaching the 50 000$ mark. Also, BTC could go down to the next support level which is at 27 800$ and then goes back and try to reach 39 900$ again. The chart shows that at the moment we are moving sideways and at some point, we gonna break the upper level or go back down and retest previous levels. I am bullish on BTC as a lot of news keeps on coming out, a lot of companies start to invest only now their money. There are some ridiculous predictions about where BTC can go, but let's remember that we might have also a big correction coming after reaching Big levels. My advice is - don't panic and sell your positions.
Remember to use money, You can afford to lose!
I am not a "Financial advisor", so before doing something, do Your own research!
-------------------------------------------------------------------------------------
For more free content, please press the "Follow" button and "Like" this post.
Thank you and have an awesome day.
See You soon,
Richard Davis.