The double bottom target may take Nasdaq 100 as high as 13,490
After breaking the neck of double top and the bearish head and shoulder on Bitcoin and staying 2 weeks below the neck, we believe that the cryptocurrency has started the correction that reached 85% calculated from the latest top ... based on this ... the estimated target is between 8,000 to 10,000 to be able to start a new cycle !
This could be a profit taking correction resulting in retesting the upper end of the channel, we need to hold this week above the old channel or will dive again to the channel range (1220 - 1312)