BTC has been consolidating on top of the 0.382 fib after pulling back in from the 0.618 in 2019 measuring from the top of the 2017 bubble to the bottom in 2018.
A pullback from the 0.618 to the .0382 is a rather common pattern. This pattern can notably found in bull markets, for example it happened in 2016 – 2017.
Bitcoin Fibonacci retracements for 2015 – 2019 by fib level.
Author: Thomas DeMichele
Thomas DeMichele has been working in the cryptocurrency information space since 2015 when CryptocurrencyFacts.com was created. He has contributed to MakerDAO, Alpha Bot (the number one crypto bot on Discord),...
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