ChartrunnerMan

BTC will hit $27,000 this year. Here is how.

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BITSTAMP:BTCUSD   比特幣
After a monster move up, we are conslodation and putting in a new floor with each day. As you can see BTC has not retraced more than 50% on that monster move. If you believe in the power of Fibonacci extintions or measured moves than the next leg up will be $27,000. The could take weeks or even months. However, the more we stay in the current pattern the more likely this will happen. Unless there is a black swan event. i.e. US bans bitcoin.
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