I find btc very tricky nowadays, with the incredible influx of fresh cash! Still, we just saw some correction. Personally I believe we will see more. Corrections often come in two waves, and we just saw one. If we go down, I believe it might take us as far as 6500 (a fibonacci retrace of 68.2% since last correction), but based on the current flag, it might also be about 7150.
In case of upward vreakout, BTC might head to 10.400 euro. Honestly, I don't see that happen short term, since I believe we've seen some massive over-selling. But I have been wrong about bitcoin a plenty!
In case of upward vreakout, BTC might head to 10.400 euro. Honestly, I don't see that happen short term, since I believe we've seen some massive over-selling. But I have been wrong about bitcoin a plenty!
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(and with 68.2% I obviously mean 61.8%... had it mixed up with the 38.2% on the other side of that line)