Why Bitcoin Will Actually Reach $7-8k SOON!
Updated
Weekly RSI in a bull market always finds support at 54 and we always touch the 21 weekly moving average which is sitting around 7.4k as of now. I believe this drop will last 1-3 weeks so I expect us to be around 7.4k in early or mid august.
See my other idea where I perfectly predicted the drop to 9.4k and consolidation in July!
See my other idea where I perfectly predicted the drop to 9.4k and consolidation in July!
Note
Didn’t take too much into account for how rapidly the 21 weekly MA was rising, i suspect lowest we will reach in the next month or so is 8.2k, though, I am not personally risking it by taking this trade since there’s a lot more potential upside within the next year. Patience.Trade closed: target reached
8.2k reached, this is a once in a lifetime opportunity to buy bitcoin now. I think 19k by April 2020.
Related publications
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.