Bitcoin is likely to retrace to below $10,000 and very possibly visit $8,000.
As I have written in my previous articles last week BTC and for that matter most of the altcoins are in a bubble.
Corrections are inevitable as people take profits and others get scared. BTC is no different than any other asset. There will be cycles. It is impossible to predict where and when but playing the odds is so much safer than ignoring all technical indicators.
My tools tell me it is time to retrace now and this is healthy. I'll be buying when this completes.
Hold on to your keys!
Craig
Hi there!
Happy to see people that take today's move as a correction and not as a 2008ish crash!
Cheers!
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Yes, crypto is here to stay. It will change the world. Every dip is a new buy-in point for procrastinators. Each new cycle will likely be more interesting as volume just keeps increasing.
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