BTC heavy resistance - 3 main targets
$25.000 is where BTC meets 200 weekly MA + trendline of log pitchfork + august top and it seems to be heavy resistance.
Combined with the macro i think a correction is due to round off this bearmarket rally. I'm looking at 3 main price levels to buy for longterm HODL:
- golden Fib buy zone of around $19.000
- last bottom of around $16.400
- Next support of $14.000
I feel like it's more of a 'when' than 'if' question around hitting these prices. especially for buy order 1.
Because in december at 16k we were all expecting 14k, and then all of a sudden in february we think we won't ever see below 20k again? Thats a big FOMO switch of mind IMO.
Combined with the macro i think a correction is due to round off this bearmarket rally. I'm looking at 3 main price levels to buy for longterm HODL:
- golden Fib buy zone of around $19.000
- last bottom of around $16.400
- Next support of $14.000
I feel like it's more of a 'when' than 'if' question around hitting these prices. especially for buy order 1.
Because in december at 16k we were all expecting 14k, and then all of a sudden in february we think we won't ever see below 20k again? Thats a big FOMO switch of mind IMO.
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