RyanDreBach
Short

BTC retracement near; headed toward $5k before end of year.

COINBASE:BTCUSD   Bitcoin / Dollar
$7.5k-$7.9K has been the clear point of reversal since breaking $5k. Although there could be a short-term bounce "testing" $8k, a break above $8k is very unlikely, especially since it's recent stalling after a huge 150% run. A 1/3 retracement from $7.5k would put BTC             at $5k; the peak before the last correction, which would continue the pattern it's followed the past 4 corrections as my previous post from a few months ago mentioned. ( If this retracement does occur, BTC             would prove one of the most, if not the most, predictable multi-billion-dollar assets that has ever been. )
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