BItcoin - Falling trend line established, eyes 50% Fibo support
Bitcoin's retreat from the falling trend line resistance if followed by a day end closing below 651.39 (38.2% of 435-785.15) would open doors for a slide to 50% Fibo support at 61.08. Such a move would also indicate the retreat from June 18 high has resumed.
On the higher side, it would take a day end closing above the falling trend line to suggest the retreat from June 18 high has indeed ended and prices could move higher to 700 levels again.
On the higher side, it would take a day end closing above the falling trend line to suggest the retreat from June 18 high has indeed ended and prices could move higher to 700 levels again.
