Bullish Long-Term Bitcoin Forecast - March 2020 LONG
Updated
This is the long-term play I see for Bitcoin. Fiat currencies going into negative rates makes cash the biggest hot potato asset on the planet. Scary to think about... but I believe that cash will need to find a home somewhere, and crypto is the speculative bet of choice. I also like gold and gold miners.
What you see in white on screen is the previous market cycle for Bitcoin (2014-2018) layered on top (for visual purposes).
Good Luck.
What you see in white on screen is the previous market cycle for Bitcoin (2014-2018) layered on top (for visual purposes).
Good Luck.
Note
1.618 extension resistance.. now testing 1.0 support - gotta love the BTC chart
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