Right now we already know that Bitcoin (BTCUSD) is strongly bullish, its price has been consolidating near All-Time High for over 50 days... The longer this bullish consolidation continues, the higher that prices will go when we see a bullish break.
Our previous target at $65,000 is no more. We have really strong indicators right now that supports additional growth.
$69,500 can be good short-term but the $75,000 looks like a more probable stop, but we are likely to go much higher, Bitcoin likes to be at the top.
We aim for $80,000+ and beyond. With $100,000 still being in the cards...
What's your take? How far up do you think Bitcoin will go on its next bullish move?
Leave a comment with your number.
Thanks a lot for reading.
Namaste.
P.S. The fact that many altcoins are losing momentum as Bitcoin faces resistance, counts as a bullish signal for Bitcoin.
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We are doing great. A new All-Time High has been hit today.
Here is the 4h timeframe chart for Bitcoin (BTCUSD):
- New ATH. - Prices moved above resistance as we expected. - This is only the beginning. - Bitcoin will continue growing. - Altcoins can retrace/correction while Bitcoin grows. - Money that leaves the Altcoins flows to Bitcoin, Bitcoin increases in prices corrects, Money that leaves Bitcoin flows to Altcoins... Rinse and repeat...
Namaste.
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Prediction: We are looking at a target of $80,000 per Bitcoin within 2 or 3 weeks... Just an educated guess after some calculations.
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Can be faster also...
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Slowly but surely... Today Bitcoin hits a new ATH.
Here is the weekly chart, it looks really good but the week is still young:
Really? U too “strong bullish”? There are too many indications this is just a trap. I can see why there is a stage called euphoria. Once you’re inside it, you don’t see anything else.
@alanmasters, Reality itself is a trap.
Let's escape all traps by diving into crypto :)
serhan
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@alanmasters, a trap;)
DigitalSurfTrading
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@serhan it’s very blinding. Downside at 64K imo. 50% drop.
serhan
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@alanmasters Sure. it may not be, but does it make it strongly bullish? Just my 2 cents.
brahmaishere
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@serhan, when this coinbase hype wears off, it might get interesting. But Saylor and Musk won't let that happen.
Eur0pa
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Not long ago just a few months ago the price was around 10000-12000 and I bought some. At that time some fundamentals showed that I was one of the highest wallets. Infact higher than %99. Do the math. Some whales will definately short the market followed by the long time Hodlers. This is bitcoin. It can boost to 75000 for one final attack for the killer FOMO than all back to 12000. And it will be a sudden death for most of the fresh flesh.
We lived it before, we will live it again.
The market cap is also delusion. Infact it is not 1 trillion dolars of bitcoin as it is been told. The market is not saturated enough it is too young to be.
Literally that money never ever been paid to the market. The real money entered into the market is at most around 216billion. This fact is also is the evidence of the bubble.
AlanSantana
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@Eur0pa, Real money, and Market cap. is not the same thing.
The market capitalization value is what it is, the market participants decide.
It is not likely to see Bitcoin hit $12,000.
The higher it goes, the lower the chances of seeing something like this happen... It won't, or if it does it would last only a few minutes/hours at most.
Thanks a lot for sharing.
Namaste.
BelowZero
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@Eur0pa, BTC at 12k ? It will never happen again.
If, by some financial miracle, it ever does, I will be there buying all I can...