The Bitcoin touched new max, the news about CBOE Futures - is Fact now. There is no new information about Tether huge cap. And loooks like double top on Bitcoin chart is drawing now.
My opinion is that correction will be achieved in the range 8-12 and then big daddys will open new long position with target 25-28 before new year.
What you say?
BTC
Bitcoin is already in the process of correction and as you said it won't drop in the range 8-12, however I'm expecting the correction would happen in the range 10-14. Post this correction we can expect a double top and that would be constant for some days or weeks since this correction would make Bitcoin sustain for a longer period with double top.
Once Bitcoin achieves its target of 25-28 (Doubt whether this would happen before this new year) all the altcoins also would meet their target I believe. Lets wait and see the show.