Bitcoin Price: We are here
Unless Bitcoin can stay above 7500 USD, it looks like the previous pattern is going to finish playing out, which would mean one more leg lower (to about 4000). Since the length of this retracement seems to be shorter than the 2014-6 one, the recovery toward new highs at 20000 might start early in 2019.
I believe the long-term trend for Bitcoin (and most other useful cryptocurrencies) is up overall.
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