There doesn't seem to be anything stopping BTC as we progress further into December. With the launch of futures trading I predict this will push BTC towards to the £10k mark at which point the volatility of BTC might start to diminish and we could see our first correction down to the 0.618 FIB or 0.5 FIB (£7.3k and £6.4k respectively). Anything sub £5k i'm all in...
#BTCGBP #Bitcoin Head and Shoulder Pattern Short #BTC #BTCUSD
Bitcoin has been respecting 61.8 fib retracement in past
hence following my previous short prediction to a retracement to 61.8 fib level here:
A head and shoulders pattern is also now in place which can help us in starting or adding to a short position.
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Strong price action indicates that the bitcoin will rise. I have two forecasts, the first one (dark blue) will follow past price movement and will rise gradually. The second one (turquoise), the price will rise, hit a moment of resistance before find momentum to rise again
Bitcoin is set to break its previous highs.
I have listed 3 ways in which I predict the market will go in the next few days
I would not be surprised if Bitcoin hits the £4,500 mark this week
My analysis is based solely on price action and previous trends in the market
