There's no telling how high we can go in the next 2 weeks before the close of the 9 candles on Weekly and Monthly time frame.
The good news is that we didn't correct to $5,000, we bottomed at about $5,500, so that tells me $5,000 will be a strong support bottom for when we start our potential multi month correction, and it will only get stronger the higher we go over the next 2 weeks.
The bad news is that the Chicago Mercantile Exchange Bitcoin Futures trading starts sometime in December which could allow for greater selling pressure and drive price lower that $5,000. Maybe the institutional politicians and bankers plan to drop the price 80%, like it did back in 2013. Let's hope not.
The good news is that we didn't correct to $5,000, we bottomed at about $5,500, so that tells me $5,000 will be a strong support bottom for when we start our potential multi month correction, and it will only get stronger the higher we go over the next 2 weeks.
The bad news is that the Chicago Mercantile Exchange Bitcoin Futures trading starts sometime in December which could allow for greater selling pressure and drive price lower that $5,000. Maybe the institutional politicians and bankers plan to drop the price 80%, like it did back in 2013. Let's hope not.