BTCUSD Possible direction
Possible price direction according to Elliot Wave theory:
It's possible we'll come closer to $2900 in the nearest future, however I'm not sure we are going to break that level. The closer we come to 3k, the more people start selling BTC, and I am not sure we have great support on that level. However, this possible price (06-17-2017, $2575) may be only correction on (0) to (A), and we may see $2300 again (lowest level - $1800, but it's not high probability of that - we still have great support on that level). The closer we come to SegWit2x (which is supported by Chinese miners) date, the more certain we become. If there will be no troubles after SegWit in September, BTC's price will definitely face the boost.
It's possible we'll come closer to $2900 in the nearest future, however I'm not sure we are going to break that level. The closer we come to 3k, the more people start selling BTC, and I am not sure we have great support on that level. However, this possible price (06-17-2017, $2575) may be only correction on (0) to (A), and we may see $2300 again (lowest level - $1800, but it's not high probability of that - we still have great support on that level). The closer we come to SegWit2x (which is supported by Chinese miners) date, the more certain we become. If there will be no troubles after SegWit in September, BTC's price will definitely face the boost.
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