BTCUSD End of 2021 Price Targets
Looking at the 4-hour time frame of Bitcoin we can see that it is at a crucial point moving into the end of the year. At the moment, it is testing the $51,689 support turned resistance level as well as this long-term trend line that has been consistent throughout this bull market thus far.
BItcoin found its bottom with the scam wick along the $43,850 - $44,484 level earlier this month and liquidated all of the over-leveraged longs. Ever since this wick, BTC entered a months long period of accumulation / capitulation preparing itself for the next leg upwards.
If Bitcoin can turn this resistance into support at $51,689, we're going to continue to see upside targets hit and this momentum will continue.
The price targets i'm looking at for January are in the $55,218 - $58,109 area. This is a big resistance area that Bitcoin needs to find support in before moving upwards to $60,000+ targets in late January / February.
As always please do your own research, I am not a financial advisor.
BItcoin found its bottom with the scam wick along the $43,850 - $44,484 level earlier this month and liquidated all of the over-leveraged longs. Ever since this wick, BTC entered a months long period of accumulation / capitulation preparing itself for the next leg upwards.
If Bitcoin can turn this resistance into support at $51,689, we're going to continue to see upside targets hit and this momentum will continue.
The price targets i'm looking at for January are in the $55,218 - $58,109 area. This is a big resistance area that Bitcoin needs to find support in before moving upwards to $60,000+ targets in late January / February.
As always please do your own research, I am not a financial advisor.
Related publications
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.