Upcoming Fork - Target $8500 before rise to $10,000 by Nov 15th
Because my target was met at $7500 today, I believe our next resistance point will be $8450 and if we hit $8500 before this Bitcoin fork happens with SegWit2, we'll be on another rally to $10,000 and this could possibly happen in the next 10-12 days.
We are near the top of my Pitchfork, but we still have room to break up to $9200 or so within the next 2 weeks while still maintaining the current pitchfork.
I'm doing a reverse Fibonacci prediction of resistance levels based on the $10k target.
We are also hovering at the 38% Fibonacci for the $10k target and my prediction for the next resistance level at the 23.6% or $8450. So if we gain $1000 from today's $7500 and hit $8500, I really expect we'll see $10,000 in short time. Best case by Nov 15th, worse case, end of 2017.
We are near the top of my Pitchfork, but we still have room to break up to $9200 or so within the next 2 weeks while still maintaining the current pitchfork.
I'm doing a reverse Fibonacci prediction of resistance levels based on the $10k target.
We are also hovering at the 38% Fibonacci for the $10k target and my prediction for the next resistance level at the 23.6% or $8450. So if we gain $1000 from today's $7500 and hit $8500, I really expect we'll see $10,000 in short time. Best case by Nov 15th, worse case, end of 2017.
