Hoping for some healthy consolidation between 9,750-10,400 over the next several days, then waiting for breakout confirmation of the descending channel to signal a bullish uptrend.
Using the parabolic rise from early November to mid-December as a parallel comparison, it seems as though BTC could hit the 1.618 fib level sometime in early April.
If we fail to break out of the descending channel and support doesn't hold at the 0.236 fib level, I could easily see us testing the $4,900 support before the next reversal.
Fingers crossed!
Using the parabolic rise from early November to mid-December as a parallel comparison, it seems as though BTC could hit the 1.618 fib level sometime in early April.
If we fail to break out of the descending channel and support doesn't hold at the 0.236 fib level, I could easily see us testing the $4,900 support before the next reversal.
Fingers crossed!
Kommentera:
Revised date for $28k mark set to April 13th. Taking a little longer than expected, but that's healthy. Once it goes, I think it'll match the parabola of late November through mid-December.