After bouncing off the pivot and being contained by the Fib pivot, Bitcoin is hanging onto the last bit of volume support. There is now a Yearly Fib pivot at the previously mentioned high volume node at 2500, and I think price has a high probability of visiting there as soon as it loses the current support in the next sell off.
On the positive side- the YP is at 8000 and a break through the obvious resistance at 6400 to break the pivot would be very bullish.
On the positive side- the YP is at 8000 and a break through the obvious resistance at 6400 to break the pivot would be very bullish.
