DarkPenciI

BTC Mid-Term outlook

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC bounced where i expected while lining up with a lot of majors at their support line. It is not to say we can't go lower but it seems like we will be making higher lows and explode soon enough for new highs. Targeting above 10k and as high as 14k or even more depending on the level of FOMO, but I don't see us breaking 20k this within the next few months before a major correction of 25% or more. It is totally possible to cap out near 10k and trade within a range for a few months to allow alts to run seeing how alts seems to be the most bullish when btc is above 10k and side ways. By the looks of the BTC dominance % level I see maybe one more push down for Alt/Btc pairs but overall we should see alts performing better in the mid term.

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