This is one of my bullish scenarios (there are bearish scenarios too).
- After 10k psychological resistance 90-100k seems to be next (18k, 40k in between)
- Bitcoin has already entered super bullish mode few weeks ago, look at RSI. Give it few more weeks, and watch next ATH.
- Gaining incredibly media attention.
- Big whales, institutions, celebrities put cash into BTC, while lack of liquidity.
- Although it is HIGHLY SPECULATIVE of course, and new ATH are based on resistances and fibo, these levels might be usefull in future though. That would be possible if BTC kept constant bullish mode. We could determine resistances up to infinity, but need to find top of the mountain; e.g. 40-50k and 90-100k are psychological resistances.
Do not take it as advice.
- After 10k psychological resistance 90-100k seems to be next (18k, 40k in between)
- Bitcoin has already entered super bullish mode few weeks ago, look at RSI. Give it few more weeks, and watch next ATH.
- Gaining incredibly media attention.
- Big whales, institutions, celebrities put cash into BTC, while lack of liquidity.
- Although it is HIGHLY SPECULATIVE of course, and new ATH are based on resistances and fibo, these levels might be usefull in future though. That would be possible if BTC kept constant bullish mode. We could determine resistances up to infinity, but need to find top of the mountain; e.g. 40-50k and 90-100k are psychological resistances.
Do not take it as advice.
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Bitcoin nicely bounced from 0.5-0.618 area as predicted accompanied with very strong RSI.Notice the dip on RSI and fib 0.5-0618.
(Different exchanges had different prices though)
BTC heading to 25k USD
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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.