Wow Bitcoin. Well done. But all good things must take a rest. This is the perfect opportunity for a pullback to the target zone, which represents an 80-90% fib retracement off the current cycle. $3000-3050 seems likely....then look for long opportunity once again. Also notice short term head and shoulders, supporting a turn down.
Also, expect a quality altcoin rally in the meantime. Confidence has been somewhat restored in crypto, and I see a good portion of this money returning to alts.
BTCUSD
Also, expect a quality altcoin rally in the meantime. Confidence has been somewhat restored in crypto, and I see a good portion of this money returning to alts.
BTCUSD
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We are at a critical point in the reversal. Should break down at resistance here.
