Bitcoin is ready to start! 10-14K soon

Estimation of the mid-term perspectives for crypto market.

1. Currently located at the strong resistance level and local sell off already happened. Market corrected for more than 20% and 10% was bought back in the first day.

2. According to the cycles seller still has a chance in current phase to continue correctional move to the south by 20th-24th of May.

3. Open interest barely bounced from the bottom. Not many players want to trade BTC in such conditions.

4. Fear index is situated in the extreme zone of fear even while we had a rally to 10k.

From all said above we can conclude that we can continue correctional move, but it will not be deep and will fit to our correctional plan. Mid-term targets for BTC and the whole market are 10-14k for main crypto asset.

Trade stängt: målet nått:

11K reached! Congrats!