BITCOIN PULL-BACK RIGHT ON SCHEDULE, PREPARE FOR CHOPPY WATERS AHEAD | EPISODE #4- 01/12/2024
6 months ago
7
Finance
Crypto
BITCOIN
CRYPTOCURRENCY
SHOULD I BUY BITCOIN
TECHNICAL ANALYSIS
BITCOIN PRICE
WHAT IS BITCOIN
FIBONCACCI
TRADING
INVESTING
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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