1. Bitcoin has not achieved its full potential yet, post halving
2. There is a Strong Stability displayed after the 45k backlash
Thus, in my POV, bitcoin should achieve the target of 70,000 USD, with that altcoins such as XRP, BNB, DOGE will form bullish candles for their new ATH's
This is purely based on Price and Chart Patterns + some Crypto Market Sentiment and Whale Actions.
Whales play an important role in this market as they have the ability to bleed BTC with that other Cryptos. The whales have been acting cautiously with a belief to drive BTC prices up to 80,000 USD or even 120,000 USD.
However, considering my analysis, I totally feel that May 2021 is going to be bullish for BTC
Bullish Target: 70,000 to 80,000 (Likliness 75%)
Bearish Target: 25,000 to 30,000 (Likiliness 25%)
2. There is a Strong Stability displayed after the 45k backlash
Thus, in my POV, bitcoin should achieve the target of 70,000 USD, with that altcoins such as XRP, BNB, DOGE will form bullish candles for their new ATH's
This is purely based on Price and Chart Patterns + some Crypto Market Sentiment and Whale Actions.
Whales play an important role in this market as they have the ability to bleed BTC with that other Cryptos. The whales have been acting cautiously with a belief to drive BTC prices up to 80,000 USD or even 120,000 USD.
However, considering my analysis, I totally feel that May 2021 is going to be bullish for BTC
Bullish Target: 70,000 to 80,000 (Likliness 75%)
Bearish Target: 25,000 to 30,000 (Likiliness 25%)
Note
BTC is racing towards breaking its all-time high!
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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.