Hello, dear members of LeoFinance!
Today I would like to outline that, in the daily time frame (1D), BTC/USD is consolidating at the 76.4 Fibonacci Retracement Level:
As can be seen from the chart, last year in the summer BTC/USD hit the the 61.8 Fibonacci Retracement Level and then the price declined solidly - almost to the level of the very beginning of the wave. Hopefully this time the situation won't repeat! So let's cross our fingers for Bitcoin!
To be continue ...
p.s. at the time of writing one Bitcoin costs $16,201.65, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 14+ years, and as a cryptocurrency analyst for the last 3+ years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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