BTCUSD
A typically level of support or resistance is general the 38.2% Fibonacci Retracement Level, which in this case, if we take out the entire Bitcoin Bear Market, is the $9,457 dollar level per Bitcoin.
Given the powerful uptrend we have right now, I will be expecting this level to be reach between 1 and 3 weeks, after that I will be expecting several weeks of consolidation, and maybe a price retracement to the $7,000 to $6,000 USD level, something like that.
It could go above $10,000 or just the lows $9,000. I will be looking to unload around the $9,500 level and reenter Mid-June.
That is my point of view.
Good Luck in your decisions.
A typically level of support or resistance is general the 38.2% Fibonacci Retracement Level, which in this case, if we take out the entire Bitcoin Bear Market, is the $9,457 dollar level per Bitcoin.
Given the powerful uptrend we have right now, I will be expecting this level to be reach between 1 and 3 weeks, after that I will be expecting several weeks of consolidation, and maybe a price retracement to the $7,000 to $6,000 USD level, something like that.
It could go above $10,000 or just the lows $9,000. I will be looking to unload around the $9,500 level and reenter Mid-June.
That is my point of view.
Good Luck in your decisions.