BTC 250k by the end of 2021
Updated
First of anything this idea is basically based on fib channel so do your own diligence.
As you can see first cycle in 2013 topped at the 1 level doing a 2 peak bull run, 2017 peaked at 0.78 level, so is very probable that this cycle can peak at the 0.61 level around 250k, also resistance line of the previous cycle's match with our long term target.
For the last, as you can see 0.38 level has acted like resistence many times, 5 to be especific and is where we are right now, so from this view seems normal that the price have difficults to get over this level.
Finally a double peak bull run like in 2013 is also very probable, the price in weeks doesn't seems to be falling, actually looks like a consolidation which is also maybe due to all the smart money that has been coming into btc and crypto market since months ago.
Anyways we will see what happens, hopefully everyone here is doing great! :)
PD: in case of a bearish market, we have 2 targets, 30k and 20k.
As you can see first cycle in 2013 topped at the 1 level doing a 2 peak bull run, 2017 peaked at 0.78 level, so is very probable that this cycle can peak at the 0.61 level around 250k, also resistance line of the previous cycle's match with our long term target.
For the last, as you can see 0.38 level has acted like resistence many times, 5 to be especific and is where we are right now, so from this view seems normal that the price have difficults to get over this level.
Finally a double peak bull run like in 2013 is also very probable, the price in weeks doesn't seems to be falling, actually looks like a consolidation which is also maybe due to all the smart money that has been coming into btc and crypto market since months ago.
Anyways we will see what happens, hopefully everyone here is doing great! :)
PD: in case of a bearish market, we have 2 targets, 30k and 20k.
Note
Well tbh im not really sure btc can manage to 250k this cycle but at least 100k-130k seems pretty reasonable and everything looks on track, i will probably be selling between DIC-JAN, remember take your profits.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.