Bitcoin

Bitcoin new pitchfork formation

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After breaking the Long standing pitchfork from the december highs, a new pitchfork formation has taken shape and proven to pivot price. Near term highs in place at a key area with the 200DMA, 61.8% retrace off feb -> april decline, and 50% fib retrace off entire range. A dip should find support either at 61.8% retrace off 17th -> 25th climb & 38.2% retrace off 1st -> 25th climb, or lower at a retest of the long-term pitchfork & 38.2% pitchfork line. A continuation of the climb higher, the obvious near term target is a break of the 200DMA, and then the highs made in February.

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