Bullish correction could be longer than expected

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
910 0 13
BTCUSD             is currently at the 50% halfway point since the '13 ATH.
If it decides to go ahead and push pass it, it'll begin to see some higher highs and eventually obtain another ATH sometime next year due to the lack of resistance past $800.
If not, it will be stuck under the $675 slash 50% area for the rest of this year.
Both areas are ripe for additional volume building so either route would create a base for another movement upwards.
In the short-term I see nothing but a push downwards for additional footing which will then revover after the price is considered too low by investors.
Timewise, If the push does not occur in September, BTCUSD             will be looking at building a sizeable base around $600 for the rest of the year.
Failure to stay above the trend line will indicate a desire to return to a bearish market. But after having said that, since new cryptocurrencies like STEEM             , ETH             , and LISK             are continuously popping up with no end in sight, the potential for BTCUSD             to find lower-lows is losing its possibility.
The only potential for continual selling is if the Bitcoin             "all-volunteer" developer team does something through action/inaction or if the entire world economy reverses it's inflationary trend and the cryptocurrency economy falls apart.
But seeing as bankers don't want deflation to happen, hyper-inflation is in our future for everyone.
Click here to trade now with 15% discount.
Comment: whoops... meant to give this URL.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out