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RE: Bitcoin Surge= Bitcoin retracement
I agree at some point there will be another huge pull back in the 60-80% range but there should be a few smaller pullbacks between now and that time. Personally I would love an 80% pull back at this time and I would be buying hand over fist! Some people I follow tend to think the HUGE pullback will come at a much higher point say around the 7500 dollar mark. Which actually makes a lot of sense because after this smaller retracement we should run to about 2300 and created somewhat of a bottom from that point forward. Just my thoughts
Could be even higher than $7k, but current bull trend is already a 13 fold one (150 to 1900)... Weekly chart didn't crossed for year and a half... Pump is ongoing... Btc chart looks like Xau gold chart back in 2011, forming moon cakes... There is one price point to look for, at $2400 mtgox goes out of bankruptcy and 200k new btcs hit the market...