BTC: Why will USD 115,000 be the next target?
Updated
Hello my friends!
Currently, many see a small correction. Let us look into the past. We can learn from it. The last three times Bitcoin behaved in the same way. So why should the price development be different after halving?
The monthly closing price is important for Bitcoin. It is interesting that Bitcoin has never tested the monthly ATH again. The price went up sharply after the monthly ATH broke through. The price increase was always more than 700%.
Based on this theory, the next target would be 115,000 USD. This seems to me to be quite realistic and is 1-to-1 in line with my previous charts.
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If this November closes below 13800 USD this chart will have to be adjusted. We still have 11 days until the end of the month. I strongly believe that we will not go below 14K until the end of November. Lets see.
There is nothing more to say! In my opinion, the chart says everything about where the road is heading.
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Let's see what happens.
Happy trading. :-)
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Currently, many see a small correction. Let us look into the past. We can learn from it. The last three times Bitcoin behaved in the same way. So why should the price development be different after halving?
The monthly closing price is important for Bitcoin. It is interesting that Bitcoin has never tested the monthly ATH again. The price went up sharply after the monthly ATH broke through. The price increase was always more than 700%.
Based on this theory, the next target would be 115,000 USD. This seems to me to be quite realistic and is 1-to-1 in line with my previous charts.
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If this November closes below 13800 USD this chart will have to be adjusted. We still have 11 days until the end of the month. I strongly believe that we will not go below 14K until the end of November. Lets see.
There is nothing more to say! In my opinion, the chart says everything about where the road is heading.
--
Let's see what happens.
Happy trading. :-)
--
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Note
after closing november well above the monthly ATH, the following possible scenario arises:Note
monthly top reached. small down and consolidation expected. happy trading.Note
these are all the cme gaps since the bull run started. which ones will be closed ?Note
a small drop to 16k is now possible. but another up to 30k is still possible before we see our small pullback to 16k, max down 15k imo.Note
small adjustment: 30 touch still possible, than max down to 18.3. compare it to aug17 and nov17. Note
now we have a clear situation: pullback between 0.618 and 0.5.Note
chart update: current view ...
Note
update: chart still valid. if we hold above 40k more up is likely ...Note
update: if we are here, we could see something like that ...Note
still in track ... :-)
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BTCINVESTING 😃
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Twitter: twitter.com/BTCINVESTINGcom
Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years
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---
BTCINVESTING 😃
---
Free Telegram Channels coming soon!
Twitter: twitter.com/BTCINVESTINGcom
Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years
-
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