Hello,
Today as of Feb 23, 2018; yet again, we are witnessing another drop in the Bitcoin price.
Well fellow traders, lets not panic sell. See the big picture.
In the Elliot Wave analysis, the market correction seems to have bottomed at 6k $. Now there will be the next major bull run. This bull run includes 3 uptrend and 2 downtrend.
See the chart if you can find the up and down trends. To visualize the pattern more, the Fibonacci retrace lines gives us the major support and resistance levels.
Overall I am bullish for bitcoin. I think it is very likely to hit 28k $ by next 6 months.
Let me know your thought on this.