We've seen crazy amounts of growth within the past few days and as a lot of us believe, we are well due for a retracement at this point. Due to Bitcoin being incredibly bullish lately and how huge of a year 2018 will be for Bitcoin, I can see 2 scenarios occurring before reaching new heights again.
Scenario 1: we see a retracement to the 0.236 level at around $9400 before another upward bounce.
Scenario 2: we see a retracement to the 0.382 level at around $8100
Either way, we are due for a correction and as some have said, this is an exact repeat scenario of 2014. For me, anything below $10k is considered "cheap" and I suggest getting your buy orders ready before we never see sub-$10k again.
Scenario 1: we see a retracement to the 0.236 level at around $9400 before another upward bounce.
Scenario 2: we see a retracement to the 0.382 level at around $8100
Either way, we are due for a correction and as some have said, this is an exact repeat scenario of 2014. For me, anything below $10k is considered "cheap" and I suggest getting your buy orders ready before we never see sub-$10k again.
