September Showers Bring Fall Gains

AUG 27, 2021 • 4 Min Read

Kevin Kelly, CFA + 1 other Ashwath Balakrishnan Kevin Kelly, CFA
DISCLOSURE: DELPHI VENTURES AND MEMBERS OF OUR TEAM HAVE INVESTED IN BTC AND ETH. THIS STATEMENT IS

Bitcoin’s break above $50k earlier this week was both exciting and short-lived as the world’s largest crypto asset was met with serious resistance following its best 30-day performance since February. One of the key levels we’re watching is ~$51,100; this marks the 61.8% Fibonacci retracement level, which is often viewed as a key area of resistance.

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    Kevin Kelly, CFA + 1 other Ashwath Balakrishnan Kevin Kelly, CFA