From my observation on BTC price and CBOE settlement date. I found out that the price movement are likely to move up or down from the bottom/top of each CBOE cycle around 30%
Eg. The last CBOE future period, the bottom is 5800 and BTC move up to 7500 just before CBOE Settlement ( 30% )
So, if my analysis ( guess ) is correct. The next target price of this bear run is around 6000. ( Top is 8500 x 30% down = 5950 )
================= For Sept 2018, if they choose to pump the price up again for 30% it will hit 7800 again. ( 6000 x 30% ) But if they choose to dump, it will reach 4200 ( 6000 x -30% )
They might try to boost the price to 7200 ( after reach 6000 ) so they can dump from 7200 to 5000 ( 7200 x -30% )
================= Just my guess, no one know where the BTC price will be in the future.. But if ETF fail to take off this year, seeing 5000 or 4000 is likely possible....
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