BitcoinLong
Possible scenario for push to previous ATH
Updated
Using the bull run from the beginning of November as a historical reference here is a possible scenario playing out that might take us back up to the ATH area, and the top of the channel.
A small pullback, or profit taking shortly wouldn't surprise if this is indeed the way it plays out.
A small pullback, or profit taking shortly wouldn't surprise if this is indeed the way it plays out.
Note
The risk/reward for a LONG entry right now at 7400 probably isn't great. It could be considered if we dip to 7200.But it might make a good guide for holding your position if you have one open, or avoiding Longing any alts just yet.
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