Bitcoin price is establishing new record highs at 8000.00
The psychological cap for many Bitcoin holders!
8000.00 / 50% Fib extension level is a psychological cap for many Bitcoin holders. This means, there is going to be a resistance at 8000.00.
However if the 8000.00 resistance keeps getting tested repeatedly by buyers, then there is a possibility that it will break out to bigger highs.
I think correction is needed, if not at 8000.00 / 50% Fib extension then at at 8638.00 / 61.8% Fib extension.
But as the 76.4% Fib extension at 9350.00 and 100% Fib extension is located at 10500.00, bitcoin price might reach 10000.00 levels before year end.
What You Know About --> Fibonacci Retracement in Trending Market.
If You Are New Steemain Read --> Get Started Fast with Steemit.
If You are New in Forex --> Read Forex Education Center / Volume I.
If You Feel Invisible on Steemit --> Come and hang with us.
What You Know About --> Syrian Civil War.
