If we look at what happened in July 2013 we had a good little pump before slowing down for a long bear market.
This time around we will be lucky if we hit near USD8,800.
But we are in for some sideways trading before BTC goes up to above US$9,000 again. Hopefully the wait will be shorter than after the drop in 2013.
This is my best guess for now. Luckily I won't have to wait too long to find out if I'm wrong :)
This time around we will be lucky if we hit near USD8,800.
But we are in for some sideways trading before BTC goes up to above US$9,000 again. Hopefully the wait will be shorter than after the drop in 2013.
This is my best guess for now. Luckily I won't have to wait too long to find out if I'm wrong :)
Comment:
Slightly adjusting the high we may reach with this move.
Comment:
Amended target of $8150 reached.
I've taken some profit and setting some stops around $8010... it may be a bit too tight. But will see.
I've taken some profit and setting some stops around $8010... it may be a bit too tight. But will see.