The Bear Market in BTCUSD targets 70s by 2016/2018
The BTCUSD market has come down 65% in nine months and is in a secular bear market which is characterized by Cycle wave 4.
Cycle 3 lasted approximately 23 months.
Cycle 4 can be expected to last at least that long which would take us easily into 2016.
Cycle 4 can be expected to finish around previous wave 4 which was at 70s.
The first major bounce could be expected from 278 before end of 2014.
A spike to 173 cannot be ruled out before end of October.
Cycle 3 lasted approximately 23 months.
Cycle 4 can be expected to last at least that long which would take us easily into 2016.
Cycle 4 can be expected to finish around previous wave 4 which was at 70s.
The first major bounce could be expected from 278 before end of 2014.
A spike to 173 cannot be ruled out before end of October.
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