Why ~$2000 is a more likely bottom for Bitcoin
Comparing to the 2015 downtrend..
RSI hasn't tested the bottom again yet
Trend lines don't point to an end of the downtrend yet
Fib analysis shows current low point at the 3 level.. but I'd bet 1.618 would be a more likely bottom..
Good luck :)
RSI hasn't tested the bottom again yet
Trend lines don't point to an end of the downtrend yet
Fib analysis shows current low point at the 3 level.. but I'd bet 1.618 would be a more likely bottom..
Good luck :)
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