The good news right now is that Bitcoin should bottom at $610 and stay above it for the megabull to resume thanks to an inverted https://t.co/OUFPFn6Oxn and an as seen on my charts and here . (please cut your losses if we go under $610 don't take any chances and rebuy at $585-590 even then the risk to the downside is high - ensure you use a tight stop loss)
Bitcoin will consolidate in the and on halving day blow up to retest $770-790 area. There it will consolidate through sideways between $790-700 or it could even do bigger swings in the just like at $400 until end of August/beginning September. I put an approximate date of August 25-28 for now and once we get closer I will be able to be more accurate with the breakout date. From there we will be able to continue our journey way higher as we head to the "moon". If we manage to hit $1000 Bitcoin could get higher due to increased media coverage and more interest / hype that will bring new money in to the market.
My conservative targets are: $1120, $2800 and $10,000 to $15,000 per Bitcoin
The current maximum potential target is: $10,000 - 15,000
I am here to help. Feel free to ask me questions or Private Message me directly.
Also follow me on Twitter: https://twitter.com/BTCEliX
Also check out our new website in our profile (still work in progress!)
Where can I register and buy/sell/trade Bitcoin?
Bitfinex Signup: https://www.bitfinex.com/?refcode=355QQTAC0A (0.2-0.1% fees - Accepts Worldwide users – If you deposit BTC to the account you can trade without needing verification!)
Okcoin Signup: https://www.okcoin.com/?invid=2024136 (Very low fees and offers 10x 20x leverage - Accepts Worldwide users except US residents – If you are a US resident you can always take the risk and open an account but remember the fake ID # you will put in there)
SimpleFX Signup: https://simplefx.com/?sfx-r=bae43264-800c-4429-8287-05463c043814 (High leverage - Accepts Worldwide users)
Circle Signup: https://www.circle.com/invite/6ILRYJ (US & UK Residents Only)
Coinbase Signup: https://www.coinbase.com/join/52991e5e702d08b8bc000153 (Accepts Worldwide Residents)
BitMEX Signup: https://www.bitmex.com/register/T7LaSL (Offers 50x leverage - Accepts Worldwide Residents)
If you join Bitfinex under my referral you will get %10 discount on your trading fees the first month!
If it is your first time trading Bitcoin I highly suggest to open an account with Bitfinex and Okcoin.com. if you need help trading I will help you out :)
As long as $610 holds we believe Bitcoin will chop at the 635 level before moving up eventually in few days to $770-790