BITCOIN: ONE MONTH STILL TO REACH 60000 DOLLARS LEVEL !!!!
After breaking the resistance of 40,000 due to the institutional purchase action, the cryptocurrency was at the gates of touching the 50,000 level, it does not arrive and initiates a zigzag correction of 5 and within a descending channel, in the collection earnings from the last institutional share price increase.
I consider three possible scenarios before the new rise in search of 50,000 and attack the 60,000 area:
Scenario 1) Fibo retracement 38.2 level 40,000 approx.
Scenario 2)Fibo retracement 61.8 level 36000 approx.
Scenario 3) premature breakup of the descending channel and direct search for the 50,000 level
According to my approximate calculations, the 60000 level will be reached on March 15, 2021 at the most !!!
This analysis is just my personal view and not investment advice.
Cheers!!
I consider three possible scenarios before the new rise in search of 50,000 and attack the 60,000 area:
Scenario 1) Fibo retracement 38.2 level 40,000 approx.
Scenario 2)Fibo retracement 61.8 level 36000 approx.
Scenario 3) premature breakup of the descending channel and direct search for the 50,000 level
According to my approximate calculations, the 60000 level will be reached on March 15, 2021 at the most !!!
This analysis is just my personal view and not investment advice.
Cheers!!