See my other posts about the red line for more context to the significance of it. In short, I drew this line about 3 years ago and over the last few months during the fight around 100k price action has been CLEARLY rejected from this line nearly a dozen times so far.
Given the consistency of this moving resistance line I have based a general prediction for BTC to peak around 200k in a way that doesn't look like too much wishful thinking. I think visually 200k could be a low end prediction but I really doubt it would hit anything like 500k within the next 5-6 years.
Given the consistency of this moving resistance line I have based a general prediction for BTC to peak around 200k in a way that doesn't look like too much wishful thinking. I think visually 200k could be a low end prediction but I really doubt it would hit anything like 500k within the next 5-6 years.
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