OptimoomFX

Can Bitcoin drop under 50k before a new bull run?

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
After passing above 40 BtcUsd has had quite a run and almost reached 60k
At this point, the main cryptocurrency seems a little tired and a correction could come.
This will not deteriorate the strong bullish trend by a bit, just gives us the opportunity to buy at a better price
That being said, I will look for buying signals between 47 and 50k if indeed we will have a correction
Comment: Is under confluence sipport
Let s see
Comment: An update is in order for this analysis because it reached 20k view and ppl are not looking at the date:
The analysis is posted on 22 Feb, this is my current view on Bitcoin:

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Comments

well done @OptimoomFX,
100coins
+7 Reply
OptimoomFX HamadaMark
@HamadaMark, Thanks a lot
Reply
wow, thats exactly what happened! well done!
+11 Reply
zac_destroys_all TopTradingSignals
@TopTradingSignals not yet its not. I'm personally thinking 30% correction. I'll ride it out though
+4 Reply
BelowZero zac_destroys_all
@zac_destroys_all, 30% seems to work well for BTC corrections...
+3 Reply
OptimoomFX BelowZero
@BelowZero, yeap
+1 Reply
OptimoomFX zac_destroys_all
@zac_destroys_all, at this point I also think it will drop more
Thanks for comm
+4 Reply
SDlektric TopTradingSignals
@TopTradingSignals, Didn't he call it when it already happened? Well...I think it will retrace to around 38-40k over the next week. Then start a run towards 200k
+4 Reply
BelowZero SDlektric
@SDlektric, I agree with you but I would expect a "slow" run towards USD 200k, arriving there maybe in the first months of 2022 eventually at best, if there are no new surprises such as Covid 19 or similar disasters in between..
+2 Reply
PlutusClub BelowZero
@BelowZero, are you saying that there wont be a 40% fall like 2017-2018? just continuous growth without demand?
+1 Reply
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