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BTC - Possible 25% move upwards

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Bitcoin at the moment trading on a strong 1.168 Fibonacci level as You can see that in the chart. Strong level approx at 31 400$, we could bounce off the strong level and with time reach approx 39 900$, which would be nice 25% movement upwards. At 39 900$ we have a resistance if we could break through the strong level, we could easily see BTC reaching the 50 000$ mark. Also, BTC could go down to the next support level which is at 27 800$ and then goes back and try to reach 39 900$ again. The chart shows that at the moment we are moving sideways and at some point, we gonna break the upper level or go back down and retest previous levels. I am bullish on BTC as a lot of news keeps on coming out, a lot of companies start to invest only now their money. There are some ridiculous predictions about where BTC can go, but let's remember that we might have also a big correction coming after reaching Big levels. My advice is - don't panic and sell your positions.

Remember to use money, You can afford to lose!
I am not a "Financial advisor", so before doing something, do Your own research!
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Richard Davis.