BTC TO 10000 – 11000 INCOMING

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

PositronXY

Hi there,

If we analyse the peaks and retracement in the past, we see that everytime BTC spikes it eventually retrace 100% back down.

First major spike in 2017, then in 2018 it went back to its previous value

Second spike in 2019, then in 2020 it went back to its previous value. 100% ish retracement

Then in Oct 2020, it got very bullish then went all the way to 60000 of course it retraced 50% – 60% before going to 60000. So now it is bearish , we should expect it to go back to 100% retracement i.e. price before Oct 2020.
BTC down to 11000 $$$

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