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Analysis of Bitcoin Against the Dollar.
Hello investors and speculators who follow me.
Bitcoin has started a correction process from its last upward movement. Analyzing the Fibbonatti levels and the main support zones, I can see that the ideal buyback zone is in the range of 70 thousand dollars, because at this level there is a very strong support zone and it converges with the Fibo level of 618.
If the price reaches this zone, I would expect either a large flush in the price or a reversal of the downward trend on the smaller 4 and 1 hour charts.
Analysis of Bitcoin against the Dollar.
Bitcoin has started a correction process from its last upward movement. Analyzing the Fibbonatti levels and the main support zones, I can see that the ideal buyback zone is in the range of 70 thousand dollars, because at this level there is a very strong support zone and it converges with the Fibo level of 618.
If the price reaches this zone, I would expect either a large flush in the price or a reversal of the downward trend on the smaller 4 and 1 hour charts.
Analysis of Bitcoin against the Dollar.
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