Another look at why I think 10k bitcoin in November

Another look at why I think 10k bitcoin in November

yellow arrow on the left is weekly candle close that rejected is down from 14k top in 2019.

Yellow arrow on the right is bitcoin coming up to the weekly candle close that rejected us.

White arrow on the left is 1.618 fib extension down for the March 2020 covid crash.

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Blue arrow on the left is the weekly candle close that rejected us down from 65k area.

Blue arrow on the right. We just got back to that weekly candle close rejection.

So… 1.618 fib extension down for another covid crash? This is the white arrow on the right.

Downside target is 10k. I think in November.

I won’t budge from this until bitcoin is over 60k. Over 60k and I’ll entertain a bull market idea.