Next BTC target: 12900usdWhen we were reviewing Bitcoin historical data we found this chart done in September 2017. In that scenario BTC had done a high at 4800 usd and a big retracement came later. âSurprisinglyâ, this crazy stopped just at the 38.2% Fibonacci retracement from 0 usd to 4800 usd. Moreover, if we looked back we saw that other fibo levels had been milimetrically supports and resistances in the past, specially in 2017. Then we draw the projections of these fibos and we found the first one was 8000 usd. Does this level ring a bell?. Exactly, it was the high reached in November before a +2000 usd retracement. The following projection is set at 12900 usd area, we don t hesitate to say it will be the target to be achieved in december before a major retracement. Other times we have stablished bearish scenarios which were not accomplished, no bear can beat this bull!. Stay long and trade altcoins carefully until we see 12900 usd. Enjoy the run!