BTC has been created new floors at 60k and 63k. When looking at previous cycles and this cycle. I don't expect the blow off top to happen in 2021. I expect the peak of this cycle to happen in 2022 between Q1 and Q2. For 2021 my target is 91k and for this cycle it is 124k.
The target is based on the previous two legs, Bitcoin Log Growth Curves, Bitcoin seasonality and the space available in the monthly RSI. To enter for a swing trade, these prices are good and if you are still not in Bitcoin, you could enter and expect a 45-50% conservative return in the near future.
What are your targets for Bitcoin in 2021 and in this cycle?
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