Quote from: Boomerang Capital on May 22, 2018, 10:13:28 PM

Many top traders are expecting the Bitcoin (BTC) price to go down to 7k-ish (down to the main trendline)

But as you can clearly see, the price has been holding above 8k.
So why won't it budge and go down further?
That is because we are likely on the corrective wave ((ii)) of the impulse wave 3.
The lowest this corrective wave can go is 8070.
In short, if price moves up from 8k, then it is going to 9700-10000.
It also confirms that we are indeed on a new bull cycle that leads to 40k by end of this year.

Twitter: @BoomerCapital
Web: boomerangcapital.org

if it is true that you write the news that bitcoin prices can be translucent to 40k and hopefully this becomes a reality at the end of this year because remember the end of the year is near and did not feel time has been running in the fifth month, so I personally with news like this will make I am more excited to find bitcoin and collect it until the end of this year, because honestly I myself can not predict the market price because for me it is too complicated to understand and have to see some factors that can make bitcoin prices to rise