This support analysis is additional to my already published short term analysis of Bitcoin breakout of the bear trend since January (link --> see related ideas).
Here you can see the bottom support line at ~5900$ (multi exchange analysis) and a light support line at ~6600$ (current OB analysis). This would be a almost perfect 71% fib retracement. Light support line is still being tested out and market doesnt really know if up or down atm. I see the chance of a short sell down to 5900$ BTC still at >70% for the next 5 to 10 days.
Share your thoughts in the comments!
Here you can see the bottom support line at ~5900$ (multi exchange analysis) and a light support line at ~6600$ (current OB analysis). This would be a almost perfect 71% fib retracement. Light support line is still being tested out and market doesnt really know if up or down atm. I see the chance of a short sell down to 5900$ BTC still at >70% for the next 5 to 10 days.
Share your thoughts in the comments!
