Could retest 5500

29 ago 2019

I know it wont be popular, but BTC has not retested the breakout from the first consolidation at 5500. Its possible that we revisit this area before we really begin the next leg of the bull. Last bull we left 3000 without a retest and it went all the way to 20k before returning to that level. Anything is possible. I am not predicting it, just putting it out there as a possibility. Since the failure of the long term trend line last night it seems there is going to be a significant correction before BAKKT gets started. If 9000 holds as support again its likely off to the rocket races.
Cheers
Gimmedat