Bitcoin already retaking much of the drop
Well that was fast
Bitcoin is already taking back much of the drop from the other day.
It dropped from $12,200 down to about $10,600 and now is all the way back to $11,400.
It's $800 off the lows and $800 off the highs.
Decision time:
(Source: https://twitter.com/EdgeBitcoin/status/1290344561320091648/photo/1)
This would be a 50% retracement of the drop, where do we go from here?
If we can break $11,500 I think we will be good to go to take back the entire drop.
What do you think?
Hello jondoe!
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Cool, thanks.
I agree on another run to $12K. After that, I'm thinking 'moderate' resistance around $14K. Could drop to $11K after that just to get its footing. But I think I'm getting way ahead of myself. :)