BTC Longterm Channel Peak?
Updated
Today it seems BTC has hit a peak that has been forming a channel for the past few years! If that is the case... are we at the end of our bull run or is this a sign of more to come? Personally, I have thought the retracement from BTC was long overdue, healthy even, but every day BTC has shot ever higher doubling the Previous ATH and nearly tripling it... Perhaps BTC will succeed in hitting 60k before turning around ... Either way what does that mean for the rest of the market?
many alt coins have being "mooning" regardless, while others have been facing suppressing with artificial growth... who knows what will happen next!
My prediction is that BTC will begin a 30% retracement, potentially 50%, then resume the path to ever greater heights. I believe XLM will be reduced to $0.32 then resume her rise to ATH. I believe this rally has just begun for Alt coins, and BTC. However, I truly believe that we will finally see the long awaited BTC retracement and the allowance of the market to breathe, regain its composure and push forward!
many alt coins have being "mooning" regardless, while others have been facing suppressing with artificial growth... who knows what will happen next!
My prediction is that BTC will begin a 30% retracement, potentially 50%, then resume the path to ever greater heights. I believe XLM will be reduced to $0.32 then resume her rise to ATH. I believe this rally has just begun for Alt coins, and BTC. However, I truly believe that we will finally see the long awaited BTC retracement and the allowance of the market to breathe, regain its composure and push forward!
Note
100% Correct
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