Recently we've suggested that BTC stands at the eve of strong action, but for upside breakout it needs external push as inner power exhaust.
With recent spike up BTC has completed our "Sell" pattern. On a BTC it is always difficult to make long-term forecasts as this market is very thin and could be easily manipulated
by holders of big wallets.
Now odds suggest reasonable pullback. At least theoretically minimum target is the bottom between 2nd and 3rd drives.
Thus, bulls should wait for reasonable pullback. Bears could try to sell, using this . Now we need to keep an eye on retracement how strong and deep it will be. This should let us to undertsand what to expect