Will Bitcoin Reach $3,000 or even $4,000 ? Market Analysis
Alastair Williamson has identified Bitcoin's trading range as a tightly compressed symmetrical triangle for the past few months. This may indicate in a release of energy that could send Bitcoin to new highs.
BTC - will trade between 2300-2500 through the end of this week unless more good news about SegWit implementation comes out at which point it could break through 2500 and test 2750 again. The move down could test the 2100-2150 levels but I would see that as a huge opportunity to open up some long positions.
My morning thoughts below.
https://steemit.com/cryptocurrency/@ladimando/overnight-thoughts-and-entry-points-btc-eth-ltc
I understand Goldman Sachs has communicated a $3,9xx target for wave 5 in this pattern. Slightly disappointing from my perspective (I still hope for a 2013-style bubble), but surely a good run up if this materialises.