Honestly not much to say the chart looks fantastic a lot of potential to the downside but from a Macro standpoint we could reach 150k in the coming months. Bitcoin will see extreme gains in the next 5 years. If you are not bullish I have news for you. you lost......
Short term I think we reach as far as 120k before a pull back. Only time will tell but these fib extensions do not lie. When you blow through the 1 fib ALWAYS AND I MEAN ALWAYS LOOK HIGHER. Obviously this is the monthly chart and will take year to play out. I do not expect much attention as I am a small trader but I will post occasional updates. In the mean time I will be buying large dips.
Short term I think we reach as far as 120k before a pull back. Only time will tell but these fib extensions do not lie. When you blow through the 1 fib ALWAYS AND I MEAN ALWAYS LOOK HIGHER. Obviously this is the monthly chart and will take year to play out. I do not expect much attention as I am a small trader but I will post occasional updates. In the mean time I will be buying large dips.
Note
Lowest I see we go in a major downtrend is around 60k. New floors have been set and will continue to be set as the whole world adopts BTC into their governments and businesses. Note
Look Higher...
Note
Bottom will be around the 1-0.786 fib
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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.