possible bump up to $7000?
Updated
Look at the chart on the 4 hour time frame. You'll notice we have a consolidation phase occurring which should indicate a price bump to the upside. If this does play out, I expect the price to jump between $6950 and $7000 before hitting the trend line of resistance. From there I believe the price will drop through the $6800 support level. I will update with targets as this plays out. I'm expecting prices of $3200-$3800 by June. I see a lowest price potential of sub $2000 but doubt anyone would watch the price drop that low without purchasing as much as possible forcing the price to jump back to 3k range.
Note
I rushed this a bit when I posted this. To be more exact, when i ran a fib retracement...I found the target to be 7100. But after charting out some stocks, I noticed the they have room to go up 7% before dumping. If btc follows that, we could see prices over 7300 but I'm going to stick with 7100 for now and then evaluate the situation.
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