Bitcoin Mid-term Future Outlook
Mid-term future outlook... We hit the 10750 level I was looking for short term. I now expect a drop back down to re-test 10.3k/10.15k. I see an acceleration to 9.1k if 10150 breaks. Then likely a bounce from there and later re-test of 9.1k. If 9.1k fails, I would be looking at 7.2k-6.8k for support. Some support around 8.2k but I don't expect a reversal there. Should see BTC rise along with markets post US election, but I also see possibility of further downside post-election for a couple months potentially (similar to '08), which could bring even lower targets (maybe a wick down to 4.5k as worst case scenario, but I do not expect us to dip below 6.8k)... we will see
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