BITCOIN PRICE WILL REBOUND BACK ABOVE $50,000 HINTS BTC FRACTAL SETUP FROM 2019, SAYS TRADINGSHOT!!

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The ongoing Bitcoin downside correction is strikingly similar to its price action in June-December 2019. BTC faces the prospects of reaching $47,500-$50,000 based on its current trend's eerie similarity.

TradingShot, a market analytics platform, noted that a bullish divergence formation, coupled with a rebound from the 50-week SMA support, could again send Bitcoin prices to the 61.8% Fib level of the current top-to-bottom Fibonacci retracement graph.

In a chart provided by TradingShot, the 61.8% Fib level appeared near $47,500. Meanwhile, the other chart above showed the profit target near $50,000.

In other trending Bitcoin News today: Here’s the Worst Case Scenario for Bitcoin This Month, According to Crypto Analyst PlanB!

The widely followed analyst, who has gained a massive following for being the first to apply the stock-to-flow model (S2F) to Bitcoin, says the S2F is in a “make or break” phase, where it will either be further confirmed or invalidated in the next six months.

According to PlanB, the worst-case scenario for Bitcoin this month is a monthly close at $28,000. However, the Bitcoin bull says brighter days are ahead for the world’s leading crypto and notes that the worst possible monthly close for BTC in August is $47,000. He also asserts that $64,000 was not the peak of the bull run.

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Show Notes / News Resources:
✔ Bitcoin Price Analysis: https://bit.ly/3ArMo7b
✔ Bitcoin Fractal Hints $50K: https://bit.ly/3jLJILF
✔ $150K = BTC's True Value Today: https://bit.ly/3qNiy8x
✔ BTC's Worst Case Scenario This Month: https://bit.ly/3whsyIk

???? DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make.​​​​​​​​ Always do your own research and never invest what you cannot afford to lose.

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