I have some support levels in this chart based from past tops/bottoms.
MACD and oversold RSI show that a positive bounce is imminent. This will likely be followed by a longer term downside continuation.
I'm expecting some alts to pop significantly on this bounce.
Summary: short term bullish (1 month), medium term bearish (2-4 months), long term bullish(6 -8 months+).
Fib retracement zones show that BTC has retraced 70% since its ATH, there's still room for a deeper correction.
MACD and oversold RSI show that a positive bounce is imminent. This will likely be followed by a longer term downside continuation.
I'm expecting some alts to pop significantly on this bounce.
Summary: short term bullish (1 month), medium term bearish (2-4 months), long term bullish(6 -8 months+).
Fib retracement zones show that BTC has retraced 70% since its ATH, there's still room for a deeper correction.
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Saw this analysis online today, I www.ccn.com/bitcoin-...recover-analyst/amp/