Bitcoin (100k Scenario) For COINBASE: BTCUSD By Marcosdaunte
Global Federal Government News and Retail / Institutional Adoption has been BTC now test previous levels.for the market, and
The Bitcoin as slightly overbought, however the crypto space is known to “disobey” levels / reads with . A downtrend for the RSI is ideal (orange line in the RSI chart).show
Assuming the current uptrend is part of a ABCD / mounted measured, using a copied bar pattern (starting July 21 through September 30 – purple bars) BTC could see new all-time high around $ 70,000 to $ 75,000 (dashed green line) and / or slightly beyond before a cool-down phase, with a possible drop to $ 55k-$ 52k (red line) after the goal is reached (before continuing the Bull run). The price target could be met by November 11 (maybe sooner assuming buyers push the price up).
Target price of $ 100,000 to $ 125,000, deadline before December 31 (rounded at bottom / yellow arched line). It is quite possible, however, that the bull market will be extended until mid-January 2022 (mainly the aftermarket). As seen, Bitcoin also trades well in classic levels… with support at the marker level of 23% (55k-% 52k-red line).
resistance / cap at $ 64k- $ 65k (Blue line)
published in relation Bitcoin related ideas below:
Revised entry from September 21. 2021:
Using a bar pattern copied from July 20 to September 6th (see attached image) a price target of $ 65,000 is also possible… and even beyond assuming the starting point is greater than $ 34,000 (target that was used in the original published ideas).
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