When will the BTC rally start?
BTC eventually will reach 12000-6500 level. ; a bull run can start only after accumulation on this channel. You can see how it progresses in harmony with the Fibonacci retracement lines. You can easily see that the recent price level is just the peak of the price spike on December 2017 which is turning into strong resistance. In a market where there is so much selling pressure, no matter how strong the resistance is, it will be broken.
So, it's too early to talk about the start of the bullish run for BTC. But after the accumulation period, a 10x, 100x earnings period will begin for altcoins.
BTCUSDT
BTC eventually will reach 12000-6500 level. ; a bull run can start only after accumulation on this channel. You can see how it progresses in harmony with the Fibonacci retracement lines. You can easily see that the recent price level is just the peak of the price spike on December 2017 which is turning into strong resistance. In a market where there is so much selling pressure, no matter how strong the resistance is, it will be broken.
So, it's too early to talk about the start of the bullish run for BTC. But after the accumulation period, a 10x, 100x earnings period will begin for altcoins.
BTCUSDT
