This yellow fib is this cycle from the high and the orange fib is from the previous ATH near $20k. Both fall to 0 at the $4,200 level. The magenta horizontals show where those two fibs overlap. If you look at the redlined and blue-lined downward trend channels as though they were one major channel that the candles have been following for nearly 6 months with deviations falling between the upper and lower tolerances.
I can see Bitcoin continuing to follow this trend for well... I'm not a fortune teller but, this has been on point for 6 months, despite the internet's incessant overemotional bull boy/bear boy yammering. I see the numbers falling to .389 which is conservatively about $7,900-$8,000 and going sideways until the market can make up its mother loving mind.
If you're anything like me, you've been probing discord, reddit and the rest of the internet and BS cryptocurrency news for a better (read more exciting and magical) answer. If I'm honest, I haven't found one so, you can probably stop looking too.
I can see Bitcoin continuing to follow this trend for well... I'm not a fortune teller but, this has been on point for 6 months, despite the internet's incessant overemotional bull boy/bear boy yammering. I see the numbers falling to .389 which is conservatively about $7,900-$8,000 and going sideways until the market can make up its mother loving mind.
If you're anything like me, you've been probing discord, reddit and the rest of the internet and BS cryptocurrency news for a better (read more exciting and magical) answer. If I'm honest, I haven't found one so, you can probably stop looking too.