This weekend may well decide the next few weeks future with Bitcoin
looking weak and in what I believe to be a "Stair & Elevator" pattern ~ new to me so not sure how far to fall? At the moment it looks like it could test the $420 ~ $425 levels or slightly lower. Next support around the $412 but not strong as is $400 due to a thin Ichimoku cloud
, so in any case would like to see a bottom put into this short term correction before going long again. Otherwise, we will probably go back to the $320 ~ $330 level fairly briskly?
Of course as always Bitcoin
can always surprise on the upside and so we retest the recent Bull
Line to shoot to $508 + and so make $680 and then $850 ~ $900.