#71 - And the Bitcoin target is..

What is up everyone?

Hope you had a good day. Personally, fell sick and got a couple of assignments due this week. But oh well, gotta do what you gotta do.

In other news, the potential Bitcoin target derived from yesterday's post which you can check out here:

https://steemit.com/bitcoin/@beindependentbb/70-the-state-of-bitcoin

is presented to you below:

Beware that this likely not the final setup we are going to see before the downside break. But yeah, the target for this trade is insane, setting Bitcoin to trade at around 2500$.

Look, I know this seems insane right now. Let's recall though, that when the blogs started, the call using HVF Theory was to see Bitcoin trade at 7500$ when the price at the time was 12000$. You can check that post below:

https://steemit.com/trading/@beindependentbb/5-all-eyes-on-bitcoin

This call represents complete capitulation of the market which is always part of the downside cycle.

As always this is my opinion. In case you disagree however, what factors do you think would propel the price upwards?

As always, take care!

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