Using the parallel channel method drawing in the trendline from Sept. 15th low point until now, I would guess with 90% certainty that the price of bitcoin will fall between 8000 and 12000 by December 31st. This is assuming no parabolic gains around Dec. 11th due to the CME, and assuming no whale sell offs around 10k.
Note
This plot is on the logarithmic y-axis scale.
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.
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.