Hanu0303
Not sure if I would take this long with BTC looking like it could drop any second now. But worth posting this as another opinion :)
Will be keeping an eye on this!
Just my opinion. Let's see if it plays out.
If we look at what happened in July 2013 we had a good little pump before slowing down for a long bear market. This time around we will be lucky if we hit near USD8,800. But we are in for some sideways trading before BTC goes up to above US$9,000 again. Hopefully the wait will be shorter than after the drop in 2013. This is my best guess for now. Luckily I won't...
BTC move a little above my previous prediction with the right shoulder. We may not go as low as my TA because of solid support just above $8,000 but it feels like the bears may be shacking the tree a little too hard and we could go very low before starting the rebuild.
Lots of resistance at US$ 9,000 and good support just below US$ 8,000. If we see a correction and we hold above US$ 7,150 the inverted head and shoulders will form that may push us into another bull market. Just a theory but I am long on BTC and hope this pans out. Comments welcome.