Bitcoin Analsyis 23th May
According to my previous post from the 19th May, which was correct so far, we have touched FIB 61 twice now.
So like predicted we are back at retracement.
In my previous post i have mentioned the correlation between the spikes of December, Februar/ March and now.
The “earthquake” is flagging and the waves tailing off.
if we test the lower FIB level 78 more than we already did, we may see a further ongoing correction like mentioned in the previous post, with a possible touch of 7.500 or even lower back to the bottom line.
That would mean that the mentioned rebuy zone of the previous post is correct
Thank you for reading