Everyone look excited about huge gain of Bitcoin. Did you guys ever think about how far the price can go?
Well i try to invent some liogical toughts about possu ilitts based on Fibo kevels. As every trader know this magical digits present thereticaly ket levels for reversing the longterm trends ,major cashout or so.
BTC price shaked around 6000 . I think that if it doesnt pass 6300 main holders can cashout and wait for new entry at 3200 or 2300 .Nice digits from Fibo levels. So same is count even for Steem. 1USD is the main 100 percent of 0.1 to 1 scale. You can easy understand the logic. If Steem pruce hit 1.23 to 2.23 its pruce follow upper patern of trend. Now the price trimble between its border for keeping up if geting bellow and loosing builded peicw pool. If Steem pass 2.23 USD hitting 10USD have a good look. This strategy can be used in very long terms of investment. The good news on crypti market is that invester and traders are very dusciplined. Thats why BTC rise on bad news. The pruce just fallow this pattern. So the question Is possible BTC to hit 20k, yes ad long as it maitain price above 10k is most likely. As you mat notice BTC can attack 10k even soon as we expexted. Just warch if price drop bellow 2300, if it drop it will attack 1k in dowtrend. Take care and happy gaining.