Bitcoin might be heading to 70k

BITSTAMP:BTCUSD   Bitcoin / Dólar estadounidense
Apparently, bitcoin's forming a motive wave that might head us to the 70.000usd zone. It's also trying to find support at the 0.618 level of the fibonacci extension .

On the other hand, if we look at the graph on a daily time frame we may be at the end of a wave B of an ABC corrective pattern, indicating the start of a wave C that may take us back to the 50.000usd zone.

Nevertheless, due to the bullish scenario involving bitcoin's price I personally think we are heading to 70.000usd and far beyond.

What do you think?


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