BTC Bulls are insane for thinking this kind of growth can be organically grown. We need a retracement. Every time we should of had one we had another thing on the timeline to look forwards to or FUD about. BCC, BTC futures news, CPOE opening, CME opening... well now after the CME we have no more news. Whats left to pump us other than industry? Stacy from Walmart isnt buying at 20k after that flash crash to 13k last week. She's busy buying xmas gifts and at these levels that probably isnt BTC. Institutional investors will also likely wait for a retracement to make large positions
My short term projection is 17k.
Long term 13-15k depending on panic.
TL;DR : Sell the news. We're double topping and completing a head and shoulder on the second top.
My short term projection is 17k.
Long term 13-15k depending on panic.
TL;DR : Sell the news. We're double topping and completing a head and shoulder on the second top.