The Long Investor
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$BTC TOP 20
🕑 Added 2025-02-09 17:52:08 +0000 UTCThere has been a bit of a stalemate approach towards $BTC by many lately, but the chart is not showing concerns right now.
Being below the psychological level of $100k makes many people drop their heads
So what do we always do when we get concerned?
We revert back to the chart to see if support has been held.
Right now there is a clear retest of the 2.618 Fib at $95k, which has been in place since November
The US market is also shaping very nicely to move higher and $BTC moves in sync with the US market.
The pull back has also been in between the 0.618 Fib and 0.78 Fib and on the OUTSIDE of the bullish wedge to a higher low.
These are retests of support and holding, this should not concern anyone right now.
Let the price action do its job.
