Bitcoin Bearish Intact, Relations To Altcoins & $100,000 Target

Just 5 days ago we looked at the bearish potential for Bitcoin, "Bitcoin Entering ABC Correction | Altcoins About To BOOM!"

This potential remains intact.

We are likely to see lower prices in the days to come.

Just a correction before we resume massive strength and bullish growth.

We believe the Altcoins will do great while this correction is done.

This is actually necessary for the correction to be a short rather than a long one.

If the Altcoins grow as Bitcoin retraces, this signals that money is flowing from Bitcoin to the Altcoins. Once the correction is over, money can flow back from Altcoins to Bitcoin.

It would be extremely healthy for the market to see the Altcoins green while Bitcoin corrects and consolidate.

We also need a healthy correction to be able to meet or end of year target of $100,000 and beyond.

How do you see Bitcoin behaving end of October and the first half of November?

When do you see Bitcoin moving to new highs once more?

Share in the comments section.

Thanks a lot for your support.

Namaste.

評論:

What a long wick on that last candle...
Let's see how this develops.