Bitcoin is expected to hit 6100 level soon. It may also hit the long term support trendline at around 5000 level.
A lot of people or algos would take the long term support trendline for reference and step in to trade bitcoin around that level.
Let's see how it would play out.
In addition to the support trendline, there is an important crossover for the downward trendline and fib time zone which we may need to take note, i.e. ~4900 level and 2020 March.
A lot of people or algos would take the long term support trendline for reference and step in to trade bitcoin around that level.
Let's see how it would play out.
In addition to the support trendline, there is an important crossover for the downward trendline and fib time zone which we may need to take note, i.e. ~4900 level and 2020 March.
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BINGO