BTCUSD has played out pretty text book, moving from around 1,000 to about 20,000 and pulling back to the 10,000 level (a 50% Fibonacci retracement). Typically this is where a lot of the consolidation happens and we can expect 11,000 - 17,000 as the trading range until we move to put in new highs.
The current price of BTCUSD is absolutely following the same pattern it has put in all of 2017. Move to new high, pull back 30-50%, base/consolidate, then double again. In fact we could even drop down to about 8,000 and still be within this bullish trend.
I have no reason to believe this pattern has ended and would expect the price to put in another 30%-50% higher than it's recent all time highs of 20k bringing our next cycle high around $26,000 - $30,000.
This is set in Jell-O, meaning we will update the analysis as new information arises.
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