Taking a closer look at BTC CME chart in late 2020, after a high of $14,000 Bitcoin Futures corrected and rallied back up (with a gap) to $12,000. After another 21% correction (almost closing the gap) we started to rally to all time high. Looking at the current chart today we have a very similar set up.
From a major correction, and then a rally (Gap up) we have closed the gap. If the timing is exactly the same... (unlikely).., well see another rally to new all time highs.
First target is still $130,000.
From a major correction, and then a rally (Gap up) we have closed the gap. If the timing is exactly the same... (unlikely).., well see another rally to new all time highs.
First target is still $130,000.
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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.