$63,000 : Beginning of the END for $BTC
If this FIB. base holds, we will see one final parabolic rise in 
BTC to $63,000. Following this will be a run to > $10,000 by the end of 2021.
Thesis behind this:
The recent run inBTC is directly correlated with the Federal Reserve's influx of cash into the free markets. Based on Bitcoin's past two weeks, it is clear that this is not an asset; it is all speculation. April and May will see a rise in, both, the stock market and BTC due to stimulus and "economic recovery". Behind this wall of hope sits massive delinquencies in the auto and home lending space that will, in hind site, be the prick to this bubble.
Projected final capitulation begins May of 2021. Trade wisely, friends.
BTC to $63,000. Following this will be a run to > $10,000 by the end of 2021. Thesis behind this:
The recent run in
BTC is directly correlated with the Federal Reserve's influx of cash into the free markets. Based on Bitcoin's past two weeks, it is clear that this is not an asset; it is all speculation. April and May will see a rise in, both, the stock market and BTC due to stimulus and "economic recovery". Behind this wall of hope sits massive delinquencies in the auto and home lending space that will, in hind site, be the prick to this bubble. Projected final capitulation begins May of 2021. Trade wisely, friends.
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.