Bitcoin may rise to the $63,700 area
FxPro's Senior Market Analyst Alex Kuptsikevich commented on the Bitcoin market analysis: "We are officially seeing the beginning of the Fibonacci pattern, with a target around $63,700. This is close to historical highs and is unlikely to be the end point of a global rebound, although significant fluctuations are expected." It is reported that Fibonacci trading strategy is a controversial analysis and trading method based on Fibonacci sequences to determine entry and exit points for all time frame trades.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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