Hi everyone
This bitcoin party has been fun, but alas all good thing must come to an end...at least in the short-term. If you followed my last idea, I was spot on and if you were lucky enough to buy in before the bullish breakout you'd have caught an easy 10-13% in a day. Most mutual funds would kill for that kind of return. The S&P 500 returns that in in year on average.
I think price will continue to climb until it reaches the .786 fib level and in the upward channel and then correct down.
Price target is the yellow box.
This bitcoin party has been fun, but alas all good thing must come to an end...at least in the short-term. If you followed my last idea, I was spot on and if you were lucky enough to buy in before the bullish breakout you'd have caught an easy 10-13% in a day. Most mutual funds would kill for that kind of return. The S&P 500 returns that in in year on average.
I think price will continue to climb until it reaches the .786 fib level and in the upward channel and then correct down.
Price target is the yellow box.