BITCOIN PULL-BACK RIGHT ON SCHEDULE, PREPARE FOR CHOPPY WATERS AHEAD | EPISODE #4- 01/12/2024
Today we see bitcoin pulling back off that 61.8 fib, and coming back into the 50. we can expect to see further consolidation at these levels for the next 3-6 months, with the potential for price to drop into $36K level. We look at the bitcoin production cost indicator to see that these prices are all in fair value territory.
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