fromBitcoin Magazine
1 day agoBitcoin Just Crashed To $60K... Then Bounced Hard - Is The Bottom Finally In?
Looking below, the bulls will look to hold $65,650 in order to try to put in the reversal here. $63,000 sits just below here as support. Next, we have $60,000 as newfound support just above the 0.618 Fibonacci retracement at $57,800. Arguably, the true support sits at $57,800 here and was slightly front-run at that $60,000 low. If this level is lost, we will look all the way down to $44,000 for support, then $39,000 at the 0.786 Fibonacci retracement below here.
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