This price projection is taking into considering Fibonacci Extensions and projections as well as a well respected parallel channel and a fractal pattern from 2016.
If the fractal pattern unfolds like it did back in 2016, we can expect Bitcoin to reach these price levels at the end of this year! It's going to be a massive bull run filled with FOMO, retail and institutional investors and probably governments getting involved to fuel such a bull run. There have been a lot of positive developments in the US that could stimulate such price action.
Global M2 has been rising, interest rates are expected to go down in the US, and we'll see about QE, but that would definitely help.
Let me know what you guys think.
If the fractal pattern unfolds like it did back in 2016, we can expect Bitcoin to reach these price levels at the end of this year! It's going to be a massive bull run filled with FOMO, retail and institutional investors and probably governments getting involved to fuel such a bull run. There have been a lot of positive developments in the US that could stimulate such price action.
Global M2 has been rising, interest rates are expected to go down in the US, and we'll see about QE, but that would definitely help.
Let me know what you guys think.
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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.
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.