BITCOIN 4,000 BY WEEKEND?
Bitcoin is now exploding +7.62% printing at 3674. Our 1.618-Fib target at 3700 handle might have to be revised to 2-Fib at 4129. It only took the auction from June to early August or about 55 session to rebalance overhead supply rotating around a 2558 point of control. Now it seems as the imbalance to the upside now has leg and it’s hard telling where this crpyto-train could stop.
