Bitcoin Below $3000 In Short Term.
In my last two posts i said Elliot Wave Theory was saying the Bitcoin top was in and Bitcoin is heading down.Most crypto pundits were predicting further rises but Elliot wave theory is clear Bitcoin will go down in the short term.
After watching the above video a 40% pull back can be expected.
Wishing you every success good health and prosperity.
$3000, that's really row compared to it's current state. Sure the recent spike is unsustainable. But if the price tanks back to $3000 it's going to be a lot worse. We already saw that at the last 'crash'.
Most new Crypto users steem be investors and people holding crypto for speculation. And not so much for actually using the crypto in the way the developers intended.
It's clear that there has to be a correction after all the money is floating into BTC before hard fork nr.2 ... but just HODL and we may see a rise again up to more than $6000? We'll see!
If a large number knows , or wants to believe that BTC is going to tank after the HF. Then BTC is going to be a lot cheaper in a few weeks. Which won't do verry much good for Bitcoin gold.
I agree bitcoin is going much higher after its pullback.
I prefer to trade but holding for the long term you will see far higher prices.
I think after the pullback the path to $10,000 will be clear.