Bitcoin - $200.000 price target!

Hello Traders and Investors, today I will take a look at Bitcoin.

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Explanation of my video analysis:

More than 4 years ago Bitcoin created a nice bullish ascending triangle formation and broke out above the resistance. This breakout was followed by a +270% move towards the upside. Currently Bitcoin is once again creating a similar ascending triangle formation and is currently retesting upper resistance. We might get a pullback but the overall trend is still very very bullish.

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Keep your long term vision,
Philip (BasicTrading)

Note

Bitcoin is correcting a little bit and everybody is freaking out.

Just look at the technicals, situation is still more than clear:

Note

Keep in mind that BTC is still in a massively bullish trend...

Absolutely no reason to freak out and run away - volatility is normal!

basictradingtv

Philip - Swing Trader

Free: "Elite Trading" Community👇🏻
discord.gg/jgdrYXwqyD

#LONGTERMVISION

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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.

basictradingtv

Philip - Swing Trader

Free: "Elite Trading" Community👇🏻
discord.gg/jgdrYXwqyD

#LONGTERMVISION

Also on: