Review of Bitcoin price. BTC-USD in 2018

July 3, 2018


If to look into the nature of Bitcoin price movement formation in 2011, 2013, 2014, we can make a conclusion that the Fibonacci sequence is there and the market follows the classical growth and correction rules. Once it reached its maximum the asset made a correction closer to Fib 0.786, breaking this level sometimes bouncing from it. Now we need to be ready to see the price fall lower than 5000 where we can form the ground for the new wave of growth. Now we are still oscillating between 6000-6800 and we can use this opportunity to get small short-term profit.

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