Will Bitcoin hit 100k-300k and Ethereum will hit 10k-18k -Hindi
Dear all,
This vide is recorded in Hindi. But you can understand it by following post.
We are going through a short term bear trend in crypto. We still believe that it can be a short term bear trend as per past trend. If we compare current trend to mid 2017 trend, than we understand the btc more looks like mid of 2017 and still a big jump is due by end of 2021-22.
in 2017 after breaking 2014 all time high i.e. $1170 in April, bitcoin price jumped near $2900 by June 2017 and than it gave a good correction of near 35% in July. Same correction we saw in sep 2017 when btc dropped from $5000 to $2800 but after that btc price jumped to $19500 by Dec 2017.
In 2021, BTC move is showing same trend, btc broke its all time high ie $19500 in Dec 2020 and jumped to $64000 before current correction of 53%. This correction more looks like mid of 2017 correction and it look like that btc will hit 100k-300k by by 2021-22
Same pattern we can see in Ethereum and in June/July 2017 eth also corrected 66% from $400 to $135 before hitting $1400 in jan 2018. Same pattern we can see now when eth showing correction of 60% and price drop $4300 to $1700 similar to mid 2017 pattern. If eth too follow 2017 trend than we can see wth price near $10000 to $18000 by 2022.
You can check our yesterday video "Bitcoin long term view" in which we analyses bear factor and mention that below $29000 will be bad for BTC and crypto market.
Plz like, share and comment your view on this video.
This vide is recorded in Hindi. But you can understand it by following post.
We are going through a short term bear trend in crypto. We still believe that it can be a short term bear trend as per past trend. If we compare current trend to mid 2017 trend, than we understand the btc more looks like mid of 2017 and still a big jump is due by end of 2021-22.
in 2017 after breaking 2014 all time high i.e. $1170 in April, bitcoin price jumped near $2900 by June 2017 and than it gave a good correction of near 35% in July. Same correction we saw in sep 2017 when btc dropped from $5000 to $2800 but after that btc price jumped to $19500 by Dec 2017.
In 2021, BTC move is showing same trend, btc broke its all time high ie $19500 in Dec 2020 and jumped to $64000 before current correction of 53%. This correction more looks like mid of 2017 correction and it look like that btc will hit 100k-300k by by 2021-22
Same pattern we can see in Ethereum and in June/July 2017 eth also corrected 66% from $400 to $135 before hitting $1400 in jan 2018. Same pattern we can see now when eth showing correction of 60% and price drop $4300 to $1700 similar to mid 2017 pattern. If eth too follow 2017 trend than we can see wth price near $10000 to $18000 by 2022.
You can check our yesterday video "Bitcoin long term view" in which we analyses bear factor and mention that below $29000 will be bad for BTC and crypto market.
Plz like, share and comment your view on this video.
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.