BTC aimed on 14.5-15.5K target

Greetings everybody,

So, it was tough week when market sentiment was changing day by day. Once in first three days there was explosive demand for US Bonds and dollar, so that yields has dropped 15% - next two days situation has become drastically different and yield only yesterday has jumped for 5+% indicating decreasing of the pressure on riskier assets and demand for US Dollar. This has let BTC to show another jump.

In general, BTC shows better resistance to external pressure compares to other markets. This lets us to suggest that market is aimed on final target around 14.50K that should be hit on coming week. Technically, market has no significant barriers - last major 5/8 Fib level is broken, market is not at overbought. So, it is relatively easy to suggest, say, appearing of 3-Drive "Sell" that lets market to complete it.

Potentially we have 15.5K all time target on monthly chart, but here could be different scenarios. 14.5 and 15.5 stands relatively close to each other so, 15.5K might be hit with the same upside swing through 14.5K or after 3-Drive completes the retracement. Unfortunately we're limited with forecasting as the action of this kind probably will be triggered by some breaking news, because it suggests fast action for 1.5K, which is not ordinary, even for BTC.

In common situation, it should be some respect of 14.5 target and then upside continuation to 15.5K. But how this happens on a background of elections turmoil is difficult to say. Thus, overall situation suggests no shorts by far. 14.5K target looks as certain, while 15.5K is possible with friendly news background.