Bitcoin: $ 6,000 this end of the year for a new ATH in 2020
Updated
One of my last publications was a bearish continuation Descending Triangle, shown in red, whose $ 6,000 target has still not been reached.
Target at $ 6000 which is confirmed in my opinion by the appearance in the meantime of a Falling Wedge shown in blue on my graph.
But the main information is that the year 2020 seems to me to be the year of a new bullrun for Bitcoin, which would start with the bullish breakout of the current Falling Wedge with target its height: $ 14,000! Then eventually the confirmation of a Cup & Handle, drawn gold color, by fetching again the $ 20K ATH followed by the target of this cup: $ 20k + ($ 20k - $ 3k) = $ 37k by July 2020!
All this is of course only a view of the mind that could be summarized as:
pessimistic (or neutral = range) for the end of 2019 and very optimistic for 2020!
DISCLAIMER: This is not an investment advice.
Invest only what you can afford to lose.
Target at $ 6000 which is confirmed in my opinion by the appearance in the meantime of a Falling Wedge shown in blue on my graph.
But the main information is that the year 2020 seems to me to be the year of a new bullrun for Bitcoin, which would start with the bullish breakout of the current Falling Wedge with target its height: $ 14,000! Then eventually the confirmation of a Cup & Handle, drawn gold color, by fetching again the $ 20K ATH followed by the target of this cup: $ 20k + ($ 20k - $ 3k) = $ 37k by July 2020!
All this is of course only a view of the mind that could be summarized as:
pessimistic (or neutral = range) for the end of 2019 and very optimistic for 2020!
DISCLAIMER: This is not an investment advice.
Invest only what you can afford to lose.
Note
Additional informations to this technical analysis:MA 200, Bearish Parallel Channel (= Bullish Flag), RSI 14
Trade closed: target reached
Just, wow.
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