2021btc
Bitcoin 2021The analysis seen above is classified as an ünlikely outcome' but possible in the world of trading, patterns are the things we use to form analysis and the pattern i saw led to the analysis above. how many of you saw a similar setup at some point. Comment with your view on bitcoin on the daily or lower time frame.
We are in unknown territory Best bet, strong retest of previous ATH at 20kish.
Happy new year 2021!
While BTC grows once more I've taken the opportunity to make a dozen moonbags on specific blockchain protocols!
Bitcoin’s Had a Fantastic Year, but the Best is Yet to Come!With more than 250% growth in 2020, there is no denying that Bitcoin experienced an outstanding year. However, the best is yet to come!
Bitcoin in 2020
The year started with a strong uptrend of around 45% in 45 days. It is important to note that this followed a 50% correction from $14,000 to $7,000 and then a short consolidation period.
During March’s economic downturn in response to Covid-19, BTC experienced a severe crash along with many other markets such as the S&P 500 and gold. The coin fell to its lowest level of $3,800 this year. Then, in just two months, Bitcoin recovered all of its lost ground, reaching $10,000 by May. The price stayed stable between May and August, and it was the altcoins that grew significantly, with many DeFi tokens gaining more than 1,000% in value!
BTC then made new yearly highs at $12,000 before retesting the $10,000 support. Starting in October, with the help of strong institutional interest, Bitcoin experienced a tremendous uptrend with a speed and momentum not seen since early 2017. On November 5th, BTC broke above $14,000, proving that this is the strongest uptrend since 2017. On December 16th, the price made a new all-time high for the first time in 3 years. BTC pushed up an additional 43%, reaching all the way up to $28,000!
Bitcoin in 2021
Although 2020 was a great year for the world of crypto, with a tremendous increase in Bitcoin’s price and a keener interest from institutional investors, many predict that “2021 will be the year of crypto”. Bitcoin reached its zenith in December 2013 when it broke above $1,000 for the first time. After a severe correction, the coin gained significant ground in 2016, making new all-time highs and reaching its zenith again in December 2017, around four years later. Then following a severe correction, Bitcoin rose significantly in 2020, making new all-time highs. If history is to repeat itself (which it often does), then we will see Bitcoin peak out in December 2021!
Happy New Year!
Bitcoin 24K by January 2021Volume of yesterday was higher than the average volume of the last 200 days, it indicates a strong supports.
Long Term BTC Prediction, 15.3k Price Target in Spring 2021Green trend lines show long term bullish trend, blue lines show 2020 bullish trend, 20 MA shown being extended with the lighter shaded red line added on. This chart shows a prediction of reaching a point around 20k-22k then a pull back to 16.6k followed by a correction to 15.3k in Spring of 2021. Let me know what you think
A BOGANS VIEW on BTC in Covid times -No Bull Run until June 2021Looking at the 5 year chart with a clear direction pattern.
With the current world situation we are in for now & the near future I cant see how a major bull run will play out until this set up on the charts plays out.
What are your thoughts?
