We are experiencing a minor correction since the new ATH. So far we had a massive 1700% pump since the beginning of 2021. This correction only costed us only 13%. Compared to September 25% correction this is a minor correction. So what's next???
If we compare the 2017 bull run we had similar corrections during September and November. We experienced a massive 30% correction in November before BTC pumped 148% to reach its new ATH. Which was exactly at Fibonacci 2.618 (from early 2017 dip to Nov ATH). If we look at 2021 history just repeating very similarly. If we follow the same as the 2017 bull run, This is the last correction before the mega pump.
So how far we can go?
If BTC follows the same pattern as the last bull run, Fibonacci 2.618 at $169k with 153% from current ATH (Estimate)
This prediction is purely technical and analysed using historical data. This is not financial advice, Please DYOR
If we compare the 2017 bull run we had similar corrections during September and November. We experienced a massive 30% correction in November before BTC pumped 148% to reach its new ATH. Which was exactly at Fibonacci 2.618 (from early 2017 dip to Nov ATH). If we look at 2021 history just repeating very similarly. If we follow the same as the 2017 bull run, This is the last correction before the mega pump.
So how far we can go?
If BTC follows the same pattern as the last bull run, Fibonacci 2.618 at $169k with 153% from current ATH (Estimate)
This prediction is purely technical and analysed using historical data. This is not financial advice, Please DYOR
