Bitcoin Ultra Bullish for 2017 - Look Forward to BTC Bubble #5
Bitcoin BTCUSD has been in a Bull market since its reversal in late 2015, breaking the prior 1.5 year downtrend. Since then, we have broken $300 -> $500 -> $800, and we're currently on our 3rd leg up. Expecting this leg up to have another 2 weeks left in it, and able to bring us up to 1250-1400 area. A break above previous ALL TIME HIGH (1150) will signal a strong continuation of the Bull trend.
There will be shorter consolidations as we move up into higher price zones, so I'm expecting the consolidation after peaking at 1250-1400 to last around 5 months, before we start our next move some time around June 2017.
IMO, we're somewhere between Optimism & Belief stages of the emotional crash cycle. Thrill kicks in as we touch and break previous ALL TIME HIGH, and finally Euphoria as we rocket into unchartered territory.
P.S. Altcoin party starts in 2 weeks. See you there.
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