BTC's Way To 80k Explained.

2021年10月20日

Hi every one
Bitcoin / U.S. Dollar


BTC has done a Great movement Recently! The Price now sits above 66k which is a New All Time High For BTC! if we Review The Chart of Bitcoin in Weekly Timeframe, we can Understand that BTC has Broken a Big Symmetrical Triangle! This Bullish Break out has confirmed that BITCOIN can Increase as much as the measured Price movement (AB=CD) . That Means we can See BTC at 80K as well! There is also the matter of Crab pattern as well. Crab Pattern shows Us That The Expected target (80K) is a very Reliable Target,because Ex Ret =1.618. so due to these Signs It is safe to say BTC can reach 80k!

Summery:
-BTC Is at It's All Time High Right now!
-Bullish Break out in Daily Time Frame From a Symmetrical Triangle!
-80k is the Target!
-Crab Pattern also Confirms This Target (EX Ret=1.618)


PREVIOUS ANALYSIS:

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Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!

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Have a nice day and Good luck