Retrace UP

Retrace UP

Bitcoin / U.S. dollar BITSTAMP:BTCUSD



I think at a minimum we will see #Bitcoin re-trace back to the .702 – .786 for a $60k price target. If we see this, it’s game on for ALT season. From there I think we are going to see a mild bear market for the next 18-24 months where we find a bottom somewhere between 20-30k. There’s not enough retail interest at this time to push the price to 6 figures. Retail traders drive bull markets and blow-off tops. And I just don’t see enough outside retail interest to take us to the moon yet. Not Financial Advice.