Analysis of Bitcoin Against the Dollar.

Hello investors and speculators who follow me.

Bitcoin has started a correction process from its last upward movement. Analyzing the Fibbonatti levels and the main support zones, I can see that the ideal buyback zone is in the range of 70 thousand dollars, because at this level there is a very strong support zone and it converges with the Fibo level of 618.

If the price reaches this zone, I would expect either a large flush in the price or a reversal of the downward trend on the smaller 4 and 1 hour charts.

Analysis of Bitcoin against the Dollar.