WHEN BITCOIN WILL CORRECT MASSIVELY? ARE WE GOING TO REACH 100K?
Hello my friends,
In this analysis i am trying to explain why WE WILL NOT see 100k this year.
Bitcoin is following two important channels which i am mentioning on this chart.
The one channel is the macro channel that it started once we bottom at 28700.
The second one which is and historical one, it started once we break 20k level.
Assuming that bitcoin follows those two important channels, i am explain why i
believe that the top for bitcoin in 2021 it will be around 80k.
Also i am explaining why I DO NOT SEE 100k soon.
In my opinion, we will see a massive correction of more than 55% once we will reach 80k level.
After that, we will see the 100k.
I am saying we will see 100k because even if it will happen the massive correction of more than 55%,
Bitcoin is remaining bullish.
The worsted scenarion, will be only if bitcoin lose 40k - 45k level. In this case we will be able to speak
about a bear market confirmation.
Your comments are appreciated.
Have a nice day and good luck with your choices.
In this analysis i am trying to explain why WE WILL NOT see 100k this year.
Bitcoin is following two important channels which i am mentioning on this chart.
The one channel is the macro channel that it started once we bottom at 28700.
The second one which is and historical one, it started once we break 20k level.
Assuming that bitcoin follows those two important channels, i am explain why i
believe that the top for bitcoin in 2021 it will be around 80k.
Also i am explaining why I DO NOT SEE 100k soon.
In my opinion, we will see a massive correction of more than 55% once we will reach 80k level.
After that, we will see the 100k.
I am saying we will see 100k because even if it will happen the massive correction of more than 55%,
Bitcoin is remaining bullish.
The worsted scenarion, will be only if bitcoin lose 40k - 45k level. In this case we will be able to speak
about a bear market confirmation.
Your comments are appreciated.
Have a nice day and good luck with your choices.
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.