Like mentioned before, BTC did not hit price prediction of 12k in the first 5 waves caused by FUD. But the retracement has bounced off of .500 fib level trying to start up another impulse wave up. I personally feel like the Alts hitting great buy prices will drive the BTC prices up as well. Many see the current price consolidation as a bear flag and predicting bounces off of .618 or even .786 fib level, but with a short 5th wave on the prime wave 1 I think the bounce off .500 is enough. I see a huge surge in global market coming in the coming months and BTC to make a break through within months as well starting a parabolic move. For now it is best to ride the waves of Alts up and secure them back into BTC once they reach a significant level and HODL.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.