Bitcoin On The Way To 250K!!!Hi.
COINEX:BTCUSDT
😊Today, I want to analyze BTC for you in a WEEKLY time frame so that we can have a Mid-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
➡️As you can see, BTC is completed this pattern, and if it follows this pattern Price can grow a lot.
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
-BTC has been Bullish Recently!
-The odds of another Bullish Movement is High!
-Bullish Pattern is Visible on The chart!
-AB=CD
Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
250k
BTC 250k by the end of 2021First of anything this idea is basically based on fib channel so do your own diligence.
As you can see first cycle in 2013 topped at the 1 level doing a 2 peak bull run, 2017 peaked at 0.78 level, so is very probable that this cycle can peak at the 0.61 level around 250k, also resistance line of the previous cycle's match with our long term target.
For the last, as you can see 0.38 level has acted like resistence many times, 5 to be especific and is where we are right now, so from this view seems normal that the price have difficults to get over this level.
Finally a double peak bull run like in 2013 is also very probable, the price in weeks doesn't seems to be falling, actually looks like a consolidation which is also maybe due to all the smart money that has been coming into btc and crypto market since months ago.
Anyways we will see what happens, hopefully everyone here is doing great! :)
PD: in case of a bearish market, we have 2 targets, 30k and 20k.
A pattern of accumulation, a breakout, a backtest, and climaxHistorically there is a trend of accumulation in the green zone followed by a breakout. The key takeaway is after the initial breakout is a local top is formed followed by a backtest of the accumulation zone. Historically this has formed the future bottom support of a coming bear market. Also bottom to peak retraces have been getting shorter. Three consecutive times this has been true. In 2019 there was a breakout but failed the backtest. and in 2021 another breakout and i believe to be in progress is the backtest of the green zone here at 30K. Furthermore if 60K is the future bear market support, it lines up with a .786 retrace from 2018 bottom to a climax of 250K which also is factoring less severe retraces. This is merely data printed on a chart not financial advice.
BTC Bullish? Or Bearish fakeout? Is 70k up and coming? 1 hour!Same as the 1 day chart with enhancement to the 250k+
Let go baby!
Right now Is a crucial point in BTC! Can we start the. Bullish uptrend straight to 70k now? Or will we dip down to low 40's- high 30's and fly up from there?
I am super long on BTC for a long time and Am going to be super long until 450k!
250k is my prediction by December 2021!
Lets go BULLS!
Bitcoin to 250k by 2023Fibonacci timezones and extensions are both very powerful tools when it comes down to finding out what time a bull market starts/ends and at what price range. The fib time zone 0.382 and 0.6 (highlighted as a vertical red and green color) is both used in order to identify the bottom of a bear market by taking previous lows onto bull run highs. This also allows you to see what timeframe the run will end by using the 2 (purple horizontal line) fib time zone; although the timezone is not accurate it serves as a way of understanding the potential time in which price peaks. The fib trend extension tool on level 14 allows you to identify the top of the potential price.
BTC TO REACH 250K BY 2022, HOP ON THE BOAT WHILE YOU STILL CANThe software that controls the Bitcoin network is set up to cut the reward – the amount of Bitcoin a miner receives for solving a block – in half at regular intervals. The first halving in 2012 cut the reward from 50 bitcoins to 25. The second was in 2016 and cut the reward to 12.5. The next halving is expected in May of 2020. The charts typically show cycles in the price of Bitcoin that suggest the halvings occur near market bottoms. They also show large jumps in the price of Bitcoin over the next several years. And according to the analytics, you can expect the price to sky rocket in given time after the next halving, flying bitcoin past the 100k mark and even a whooping 200k.