BITCOIN (BTC/USD) Golden Cross and Fibonacci, Will History Repeat?

Today we already see how the lines separate as a result of the Golden Cross produced days before in Bitcoin and apart it exceeds the 2,681 fibonacci retracement. 2 medium and long-term bullish indicators.

We will see

I make this article so that in the future we can review it and see how many X the price of bitcoin has risen.

Let's get started

Than the Golden Cross

Bitcoin has made the Golden Cross yesterday. This crossing occurs when the mean line MA of 50 periods exceeds that of 200 periods, daily chart.

It is a good bullish indicator. That in almost all the previous times they have

If we review the history in the last Golden after the Halving of Bitcoin we see that the price has risen almost 680% from 8000 to 63000 dollars per Bitcoin

By just tripling the price, repeating the rise in previous post halving cycles, Bitcoin could reach $ 150,000. What do you think this price will arrive at?

• X2 = 100,000 dollars
• X3 = 150000 dollars
• X4 = 200,000 dollars
• X5 = 250,000 dollars
• X6 = $ 300,000
• XX = To the moon.

Fibonacci Retracement

Bitcoin in its correction from $ 63,000 to $ 30,000 had retested the 1618 fibonacci retracement. From that retesting, another bullish cycle has begun.

The important thing is that yesterday it has broken the resistance and has managed to overcome the 2,618 fibonacci retracement, for the 47,000 dollars per Bitcoin.

Today a retest is being given to the 47,000 dollars and it is important that you do not break it

The interesting thing is that the next target is 3,618 and it is just the maximum of $ 63,000.

What pieces of Bitcoin will reach its price one X2, X3, X4 from its current price?

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Protect your assets use Stop loss

The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.

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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.

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