Skip to main content

Bitcoin has a look below 61k today

Yesterday an update here outlined some potential Fibonacci correction levels on the downside for Bitcoin. Well, subsequent to that update the lead coin did rebound from below 62,500. It rose to a high at 65,750 just after the European close. However, that rebound did not hold and it has fallen back further since. Once it took out the low seen yesterday around 62,335, it extended the move to below 61k earlier today. The low seen so far today has been set at 60,790. The noted Fibonacci level mentioned here yesterday is at 60,317. So, as you can see, it came very close to meeting that earlier on. However, it has rebounded off that low now, reclaiming 62k a little earlier. It remains to be seen if the downside is finished with yet though. Bitcoin is currently trading at 61,935 
 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!