Beautiful from $BTC, it broke down from the 0.38Fib at $25,130, which was the blue line and bull case support line and moving closer and closer to the 200 Day MA just above the 0.5 Fib now. Right now, it is at $23,800.
I am happy that our members did not jump on this when it hit $31,000 and trusted that it would come back down for Wave 2....like a number of stocks at the moment.
So we are watching for support now at the 200 Day MA or the 0.5 Fib - 0.618 Fib, I think this is a strong possibility, so if you like $BTC, let's watch this area closely.
Rami Jaradat
2023-06-15 12:44:24 +0000 UTC