Bitcoin Bottom May Be 18k Based On Fibonacci From March 2020

Bitcoin / TetherUS BINANCE:BTCUSDT

cowboycraig

Bitcoin wicked to the bottom of the 0.618 Golden Pocket (26-28k). Getting below that could be a 18k bounce.

Outlandish prediction but possible. The Crypto market is relentlessly flaccid and isn’t putting up a fight (yet).

Maybe the fight will be an aggressive V shaped bounce off the lowest reasonable Fibonacci support level .

The 0.786 FIB level would be the next major support just below 18k.

Note how this Fibonacci “Fits” very well over a long time period.

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