Bitcoin has risen steeply as expected, from Fibonacci's 50% Fibonacci correction to the last wave, and is now registering All Time High at $7985.
If we take into account the same regularity we have seen in our forecast for Bitcoin's rebound, the price should rise to around $14 800 to the end of the current upward wave.
Why exactly $14 800?
Turning back in time, after the first 50% correction of the crypto-wave, the price rose by 161% and after the second 50th adjustment by 163%. If Bitcoin continues to follow the same pattern, we can expect an average 162% price increase of $5640 or, in other words, the end of the next upward wave, we expect at around $14 800.
Jr Trader Petar Milanov
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