I’d say the thrills about crypto are once again diminishing, and it’s no surprise. The explosion on Bitcoin from $3.5k to $14k is really unraveling.
What’s fascinating to me is how Fibonacci-friendly Bitcoin has been for years. I’ve marked areas of resistance (magenta) and support (green). If we break the $9,500 level with any gusto, I’d say we’re on our way to about $7,100.
