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RE: Breakout or Bust! - Bitcoin Risk / Reward Analysis - 08/28/2017

in #bitcoin7 years ago

It's been a really nice alt coin rally while BTC has seemed to solidify. I think you're right on the break out higher and have found it really interesting more MSM outlets have been calling for a much higher BTC price. I know Goldman has turned very bullish over the last several months, which usually is the kiss of death, lol, but we will see. If a pullback in BTC does happen, I wonder how it will affect the alt's moving forward.

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It's capitulation on the analyst's part I think . Something keeps going up and they look dumb if their price targets are neutral or negative.