Strong Confluence of Support at ~$5000 USD
Patience friends, a while to go yet.
BTC has multiple major long-term diagonal support lines, one big horizontal support line, and the 0.236 fib all converging to the 5000USD level. We're currently sitting right in the middle between two fib lines - the 0.382 and the 0.236. I think its highly unlikely we'll turn around here to head back upwards. Give it till around the end of this year/start of next year.
Happy investing/trading.
BTC has multiple major long-term diagonal support lines, one big horizontal support line, and the 0.236 fib all converging to the 5000USD level. We're currently sitting right in the middle between two fib lines - the 0.382 and the 0.236. I think its highly unlikely we'll turn around here to head back upwards. Give it till around the end of this year/start of next year.
Happy investing/trading.
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