If we look at what happened in July 2013 we had a good little pump before slowing down for a long bear market.
This time around we will be lucky if we hit near USD8,800.
But we are in for some sideways trading before BTC goes up to above US$9,000 again. Hopefully the wait will be shorter than after the drop in 2013.
This is my best guess for now. Luckily I won't have to wait too long to find out if I'm wrong :)
This time around we will be lucky if we hit near USD8,800.
But we are in for some sideways trading before BTC goes up to above US$9,000 again. Hopefully the wait will be shorter than after the drop in 2013.
This is my best guess for now. Luckily I won't have to wait too long to find out if I'm wrong :)
Note
Slightly adjusting the high we may reach with this move.Note
Amended target of $8150 reached.I've taken some profit and setting some stops around $8010... it may be a bit too tight. But will see.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.