It looks more and more that we have bottomed at the 18th. of July. Since then, BTC did go to the upside with an impulse.
The ABC is forming quite well, hitting the 0.5 Fibonacci perfectly.
Now I expect downside potential until 19160$ (0.681 Fib).
After that, new bullrally could start with price target of round about 26000$. Depends on how much BTC will go down with the current C wave.
The ABC is forming quite well, hitting the 0.5 Fibonacci perfectly.
Now I expect downside potential until 19160$ (0.681 Fib).
After that, new bullrally could start with price target of round about 26000$. Depends on how much BTC will go down with the current C wave.