So the last price prediction of us hitting a bottom at 7.25k ended up working out. It fell much more than expected but it was still within the bullish scenarios. Currently we are trading in a parallel trend up and Alts are going off as it does. In a perfectly bullish view, we should be able to hit something within the range of 9.3~9.8k range within the next day or so before a nice pull back to mid 8k range. This should get us prepped to sky rocket past the over arching bear trend line on the log scale around 10k and also push the price past the previous high at 11.75k.
Now on a worst case scenario, we are looking at a dead cat bounce that should still get us to about the 10k range but followed by a sharp shut down and a long trend down to lower lows. The current sentiments seems to be pretty positive with the G20 summit announcing no further regulations and having April being one of the most bullish months historically for BTC, I'm putting my money on a bullish pattern working out. If we do break out of this down trend we should be targeting at least 15k and may even see parabolic moves to break ATH.
Now on a worst case scenario, we are looking at a dead cat bounce that should still get us to about the 10k range but followed by a sharp shut down and a long trend down to lower lows. The current sentiments seems to be pretty positive with the G20 summit announcing no further regulations and having April being one of the most bullish months historically for BTC, I'm putting my money on a bullish pattern working out. If we do break out of this down trend we should be targeting at least 15k and may even see parabolic moves to break ATH.