Bitcoin about to break trend line.
Bitcoin experienced a little drop some hours ago due to the incident at Coincheck, who later confirmed a loss larger than Mt Gox. However, the price didn't suffer much due to a strong support at 50% Fibonachi retracement level (10750) and the 10000 psychological barrier. Several touches in the past few weeks have proven many buyers are ready whenever the price goes 4 digits.
Currently bitcoin is confined in a triangle (as shown in the 4h chart above). A break in either direction will have a significant impact on the market in the short to medium run. Behold, my friend.
Currently bitcoin is confined in a triangle (as shown in the 4h chart above). A break in either direction will have a significant impact on the market in the short to medium run. Behold, my friend.
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