Today’s Chart of the Day was shared on Twitter by JC Parets (@allstarcharts) It's a chart of Bitcoin over the past four years. Bitcoin corrected more than 25% at the end of February, however, we're already back to flirting with all-time highs around $57,000. JC highlights some key levels based on Fibonacci extensions from the 2017-2018 decline, and the 2019-2020 decline. If bitcoin continues to trade above the previous level (around $46,000), the next major resistance level is around $73,000, which is nearly 30% higher from current prices.
Chart of the Day - Wednesday, March 10th, 2021
March 10, 2021
