Bitcoin currently holding on important fib level noone is seeing

I havn't seen anyone else notice the fact that Bitcoin is currently holding on a very important fibonnaci extention level, the 0.5 fib from the 2018 to the last all time high. I wouldn't be surprised if this held here, since this is actually strong support. The previous fib level required a LOT of money to be dumped into the market to force it down. I would be surprised if the whales still have that much ammo left in their bags. And surely they want to keep milking the cow.

Yorum:

Nice little bounce here. Currently still stuck below a lot of resistance including a descending triangle. If it breaks through that, we will have confirmation that the short term bottom is in.