Scenario Analysis for Bitcoin. Will it fulfill McAfee's $15K?
I see a definitive possibility of 
BTC will hit 15K in July as McAfee predicted. I see two scenario based on two strong support lines (BLUE). The red lines are the predicted path within each scenario. These lines are based off a second fib retracement (shown to the right side to avoid clutter).
Scenario 1: Support offered by 7800 holds true. Assumption is that this turns out to be falling wedge reversal and slowly retraces it back is way $14-16K by the end of July.
Scenario 2: Support offered by 6500 holds true.
In both the cases, the decisive factor is how long the price spends in the green rectangle box. Within this I will watch out for the bounce-offs. I tend to root for Scenario 1.
I do not think 6500 will be broken anytime soon. Even if it is the case we have time to get confirmations on them.
BTC will hit 15K in July as McAfee predicted. I see two scenario based on two strong support lines (BLUE). The red lines are the predicted path within each scenario. These lines are based off a second fib retracement (shown to the right side to avoid clutter).Scenario 1: Support offered by 7800 holds true. Assumption is that this turns out to be falling wedge reversal and slowly retraces it back is way $14-16K by the end of July.
Scenario 2: Support offered by 6500 holds true.
In both the cases, the decisive factor is how long the price spends in the green rectangle box. Within this I will watch out for the bounce-offs. I tend to root for Scenario 1.
I do not think 6500 will be broken anytime soon. Even if it is the case we have time to get confirmations on them.
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