Bitcoin touches $5,300 - pullback expected now

Bitcoin ran up, now time for a pullback.

Bitcoin basically went up $1,300 in less than two days.

Giving some of that back now is expected.

We could easily pullback $500-$700 and it wouldn't be too surprising.

I do not expect us to take back more than 50% of that upmove, which would be $700 or so, and about $4,600.

If we do though... there should be strong support at the prior resistance.

Which was $4,300 area.

I actually hope we fall all the way back there so I can load back up again.

(Source:  https://twitter.com/Dalmas_Ngetich/status/1113767114400251905 )

I think the next surge takes us to $6k area.

I think we hit that within the next couple of weeks.

I would say no longer than 2 months until we hit $6k.