All of these indicators combined paint a very plain picture of price action over the last 4 years. It shows that BTC is currently within the bottom channel single dev range, testing mid-line on BBands trying to move into upper channel, trying to break through key volume range with RSI close to absolute lows on weekly chart. This is NOT financial advice. However, I think we could range in the lower deviation until the halving in May 2020. I think we could break through into the upper deviation and reach a target of $12,000 - $14,000 by year end 2020. I think we will retest the all time high of 2017 in Q1 of 2021 and hit a price target of $56,000/BTC by the EOY of 2021.
Please share this chart and comment below with your thoughts.
Please share this chart and comment below with your thoughts.
