Btc long term pattern

21 בספט׳ 2017

My take is that 3000 may very well have been the low for this period of growth. If that holds true I think we will see a brief decline in a down channel towards 3450~, which would be a great buy. After that I expect another rush up to the next Fibonacci point sometime in early/ mid October to a price of about 7000-7500. However a correction to about 2500~ is fully possible but following the increasingly steep trends I think 3000 is the bottom and the next "bubble" to mirror the bubble of 2013 will be a price of about 14000-15000