Dagobicks

BTC/USD Possible Retracement

Long
BITFINEX:BTCUSD   Bitcoin
It seems somewhat early for BTC to swing up much further; it has yet to come near the bottom support level.

If history repeats itself, and BTC fundamentals remain as bullish as they have been, we should see a re-trace back down to 61.8, at worst.

Once BTC has done so, BTC should go through a period of slightly appreciating consolidation, and will produce another swing to the upside reaching around the $10,600 mark, sometime within July.

Of course, anything can happen however, so this should not be taken as financial advice.

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