Bitcoin looks ready to potentially continue up from here, but possibly through an alternative perspective. Based on the performance of alt-coins, my bias still leans towards a more bullish perspective. However the potential macro flat correction in Bitcoin, that I had mentioned previously, has grown increasingly more favorable in my opinion. After analyzing it using Fib. Time, the overall structure is beginning to fit much nicer as corrective rather than impulsive. According to this analysis, Bitcoin is ready to head up to upper targets around $14k-$15k with confluence at the 1:1 extension between the macro and local structure, no later than September 1st.
I want to emphasize that this is not my primary outlook. Just something to ponder going into the next week.
I want to emphasize that this is not my primary outlook. Just something to ponder going into the next week.
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