BTC/USDT - the big picture

in bitcoin •  7 years ago 

Hello,

Today as of Feb 23, 2018; yet again, we are witnessing another drop in the Bitcoin price.

Well fellow traders, lets not panic sell. See the big picture.

BTC-USD-Feb23.png

In the Elliot Wave analysis, the market correction seems to have bottomed at 6k $. Now there will be the next major bull run. This bull run includes 3 uptrend and 2 downtrend.

See the chart if you can find the up and down trends. To visualize the pattern more, the Fibonacci retrace lines gives us the major support and resistance levels.

Overall I am bullish for bitcoin. I think it is very likely to hit 28k $ by next 6 months.

Let me know your thought on this.

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That will be awesome, I believe the next bull run is behind the door.

yes indeed... 100k $ USD per bitcoin may be achieved by next 1 year.