Like Ethereum, Bitcoin is rebounding nicely from the February 5, 2018 low. Below are the upside targets for Bitcoin:
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$13.128.65
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$16,235.85
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$19,343.04
The upside targets are represented in the chart below.
We can’t help but point out the fact that on December 22, 2017, we provided a downside target of $6,684 and on February 5, 2018, Bitcoin fell as low as $5,968.36. So far, we expect that the $13,128.65 level for Bitcoin will be achieved.
However, before a new high (substantially above the $19,343) is achieved, we expected a retest of the $6,914.26 level (or something close, like, $7,000-$7,200). This means that we could see Bitcoin go to the old high and then retrace all the way back down to the $6,915 level.