I think Bitcoin will make a correction in the short run. The next target price can be $42k.
However I predict further gains in price in the mid run. The target of $100k may be achieved then. Though it is a far stretched number, I still expect a price move to that level.
If fail, we can expect a complex correction for the next 2-3 years. Final long term target will be above $100k.
#BTCUSDTP
However I predict further gains in price in the mid run. The target of $100k may be achieved then. Though it is a far stretched number, I still expect a price move to that level.
If fail, we can expect a complex correction for the next 2-3 years. Final long term target will be above $100k.
#BTCUSDTP
Note
The price move still looks like a distribution though I expect the price can move up to $52k.
If the price reaches that level, the most important matter will be the volume.
If there will be a big volume (dump), then we can expect a further price fall through $42k.
Note
we are getting closer to a bottom formation but we still need some time. no rush.
Trade closed: target reached
target reached
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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.