BTC is forming a channel which has led to major over bought indicators. Volume has been drying up and we are getting confirmation of a head and shoulders bearish reversal indication.
This leads to a correction inside of the channel down to the previous ATH at $3,000. Expect corrections will occur over the next several weeks into mid September.
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I reckon it's a possibility. Be good to take a bit of heat out of the market. If so, It'll be a good opportunity to buy... Thanks for your post.
This. As usual, BTC will come back a bit, so now is the time to buy more, especially if you're in for the long-term. Also the recent rocketing of BTC was a great spot to buy more altcoins, as now they're starting to climb up again as well!