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🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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$BITF monthly chart is showing interesting price action right now. A higher high was just established around the 0.886 log Fibonacci level—that's our major resistance zone to watch. The question becomes: can we build a higher low from here? So far, the 0.618 log Fib is doing its job as support, holding the line nicely. If that support gives way, we're looking at deeper pullback territory. But if it holds and we get that higher low, we're setting up nicely for another run at resistance. Key levels to monitor: 0.886 overhead, 0.618 as the critical support floor. Classic bull setup if the structure remains intact.