CountOnCrypto - Bitcoin Price Targets - 04/10/2021
A very simple chart to just share which upside levels I'm looking at if this uptrend continues, retrospectively if we start down-trending I'll be looking towards the lower Fibonacci retracement levels as support. In this case, I will also likely draw a new Fibonacci retracement considering the current nearby price levels as a top. I also think if we don't break out then there's a lot of liquidity at the golden pocket 0.66 - 0.618 Fibonacci retracement and that'll be a bounce or break situation for bitcoin. The upside targets are untapped daily/weekly/monthly levels from when we were previously at those highs.
It's towards these levels I will expect altcoins will also be performing very well, it's likely people will spend their bitcoin profits on altcoins in order to attempt at additional gains. I am personally long on the market in terms of Bitcoin, Ethereum and altcoins and I'll be looking forward to potential profits over the coming months. Historically December has been a great month for crypto in general; a prime example being the 2017-2018 bull run, December saw new all-time highs once thought to be a dream for Bitcoin.
It's towards these levels I will expect altcoins will also be performing very well, it's likely people will spend their bitcoin profits on altcoins in order to attempt at additional gains. I am personally long on the market in terms of Bitcoin, Ethereum and altcoins and I'll be looking forward to potential profits over the coming months. Historically December has been a great month for crypto in general; a prime example being the 2017-2018 bull run, December saw new all-time highs once thought to be a dream for Bitcoin.
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