BTC retracement near; headed toward $5k before end of year.
7.5k-7.9K has been the clear point of reversal since breaking 5k. Although there could be a short-term bounce "testing" 8k, a break above 8k is very unlikely, especially since it's recent stalling after a huge 150% run. A 1/3 retracement from 7.5k would put BTC at 5k; the peak before the last correction, which would continue the pattern it's followed the past 4 corrections as my previous post from a few months ago mentioned. ( If this retracement does occur, BTC would prove one of the most, if not the most, predictable multi-billion-dollar assets that has ever been. )
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.