If you missed #Bitcoin at $25,000 and $52,000, don't make the same mistake again.

In this bull run, the 45 level on the Weekly RSI has been a strong support zone, marking the previous two local bottoms.

The first test happened when BTC marked a low of $25,000. From there, the price pumped by 193% and reached $73,100.

The second test happened when BTC marked a low of $52,500. From there, the price pumped by, 107% taking it to $109,400.

The third test just happened, with Bitcoin marking a low of $76,600.

If this RSI support holds and if it only reaches back till the falling trendline, we could see a 64% pump from here.

That would also align with the 1.618 Fibonacci extension level, putting Bitcoin around the $128,000 mark.

Reply to this note

Please Login to reply.

Discussion

The bankers of London loves Fibonacci ! This Sir. makes school !