BTC Retreating to $9450 5/14 Before Resuming $10K+ Bull Trend
Updated
Last February I called 15K BTC by Thanksgiving. We ALMOST made it but Trump made a derogatory comment about bitcoin and sent us tumbling. Fortunately that just gave us another point of entry to take advantage of the eventual 30k price of bitcoin incrementally. March once again provided the same and we are up 60% over the last 45 days. I drew this channel on the 10th and we followed it to conclusion. Now our new support level will be in the low 9's. We may uptick on the FOMO rush from our current position or more likely retreat to those levels before resuming. We may spike lower than that but consider prices lower that 9k a gift during the near term rush.
Note
I should have said below $9450 trend resumed. Looking to retest 10k.
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