Bitcoin to $145,000 by Dec. 27 2021
As stated from my previous analysis, bitcoin should reach minimum $145,000 based off the multitude of x's from previous runs, which seem to decrease over time. Every time Bitcoin breaks a previous all time high after a bear market, it goes up less amount of x than the previous run. I project around a 7x for this bull run, which would put the price near 145k. Dec 27 was found to be a date of resistance from trend based Fibonacci time zones, which use time rather than price as resistance. I previously called the top at 63k, using Fibonacci Time Zones, they can be extremely accurate at predicting when something will drop, not at what price. The market is in a state of pure capitulation. Price could easily drop to 20k, but is highly unlikely to drop any further than that. Dips are buying opportunities. People who buy tops and sell bottoms, give their money to people that buy bottoms and sell tops.The crowd calling for a drop to 10k are gravely misinformed. Too many institutional players and new, wealthy bank clients pouring into crypto. The market is extremely bullish right now. This is the point of maximum financial opportunity. This is a perfect buying opportunity just like the covid dip was. Smart money accumulates during these times and reaps the rewards later. So to conclude, probable dip to 20k, as their is weak support, (or not) who knows? But maybe and then bull run to insane highs for all crypto at the end of the year.I wouldn't recommend selling as the bear market approaches. The best investors are dead investors, because they never touch their investments. Holding through bear markets and not selling and holding for 10 years or so has been proven to outperform those that try to get out before or during downtrends. At some point you will go wrong and lose your stack. Those who choose to wait patiently, ride out the volatility, accept the ups and owns, bear or bull, and just wait 10 years and do nothing are the ones that succeed. Not those who try to time being in during bull markets and being out during bear markets, have "exit strategy's" and so forth. Basically investors vs traders. Investors win, traders always lose. Buy early. Hold for 10 years. Succeed. That's the only way to do it. Remember, as fidelity's study stated, the best investors are dead. Because they never touch their stack.
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.