BTCUSD Short/Mid-Term Movement Forecast
Since mid-July, Bitcoin, along with big market-cap altcoins, has been rallying almost sleeplessly, we've seen some relatively small retracements (from 5-10%) that happened, BUT, not the healthy pullback that we should expect before the Bull Run that would take us to see the 100,000$ Mark. Right now, for the short term, Bitcoin looks to be a bit overbought, and historically, we should expect a pullback of at least -17 to -20%, which should take us to the 0.618 Fib level, but with the 0.786 fib level above it, there's also a possibility that the price could bounce back from that strong support zone, which should leave us with a moderate -11 to -13%.
The doubt should be partially cleared out by the end of September eventually. Meanwhile, don't forget to trade safely and responsibly, and as always, Look First/ Then Leap.
The doubt should be partially cleared out by the end of September eventually. Meanwhile, don't forget to trade safely and responsibly, and as always, Look First/ Then Leap.
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