Bitcoin continuation scenarios.

in bitcoin •  7 years ago 

Bitcoin is still going (somewhat) as planned! 2.2k on Bitfinex is a crucial mark, aligning with trend support and the local high between the first 2 highs, aswell as the importance of the round number of 2.2k!

So we might be already bouncing from here, I would hope so at least. The following thoughts are based on the smaller fractals on the bitcoin runup before all of these selloffs. They look very similar, but on a much lower timeframe. I am still bullish on bitcoin but only because I am still heavily invested into alts. Nonetheless I do believe that the chances from a recovery right at this spot is quite high, also from the 1900 level.

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what do you think, how much time will it take for BTC to be above 2600$ again?

around 2 weeks I would say if we aren't in a beartrend already

could also be done in one week already atually

possible indeed, hopefully its not just going down through the 2.ooo$ mark