Bitcoin may be showing signs of strong support by pulling out of the nose dive, falling wedge it is in.. I had a max potential low of 10k, as many did. Because of this, I’m expecting the unexpected. Could this wave simply be corrective? Is this breakout legit? No one knows. But here’s the fib scenario of if Bitcoin stayed in the parallel channel that it is in. Typical fib resistance (marked on chart), and the fib extension above.
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