The technical picture for Bitcoin (BTC/USD) now signals that the price of BTC/USD may can reach $1-2 million and within only 1-2 years.
Bitcoin is moving within a long-term upward trend, and is now finding solid technical support down towards the lower trend line in this long-term upward trend (cf. weekly chart).
A very strong technical buy signal has also been given in the weekly chart for Bitcoin now with a very clear and solid Bullish 'Hammer' signal in the weekly candlestick chart for Bitcoin (BTC/USD) and after the last week now.
When such very clear and important candlestick signals appear in weekly charts, and around very significant technical support levels that Bitcoin (BTC/USD) is now around.
Then it is a very clear signal that we can face a strong rise for Bitcoin (BTC/USD) in the future now.
We may well see a similarly strong rise for Bitcoin (BTC/USD) now in the next 1-2 years, and as we saw back in 2017/2018 (cf. weekly chart here).
The overall technical picture is now very positive for Bitcoin (BTC/USD) and signals that if there is a break above the USD 74,000.00 level soon, then there may well be another such strong rise for Bitcoin (BTC/USD) and that could lead the price up to between $1-2 million within only the next 1-2 years.
The overall technical picture for Bitcoin (BTC/USD) now indicates that a break above the all-important technical resistance level around USD 74,000 may now be imminent.
As mentioned here, a strong technical buy signal was triggered in the weekly candlestick from a significant 'Hammer' signal this past week.
You are welcome to visit StockCharts365.com and read more technical analyzes there about shares in the US, shares in the Nordics, important stock market indices, currencies, cryptocurrencies and commodities.
Also on:
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.