If you have read my earlier posts, I've been talking about a downward sloping trend-line which has been impeding Bitcoin's progress for the last 3 months. This trendline has been tried , tested and failed thrice.. fourth time lucky though.
Now traders please brace yourself for some consoilidation action between 9000 and 11000 tille we break out above 11000 for a target of the all time highs..
What next above 20000?
Bitcoin made lows of around 6000 after touching near alltime highs of 20000.. so once Bitcoin crosses 20000, the next target is 3.33 * 20000 = 66,666
How did I reach the multiplier of 3.33 you might ask.? That is 20000/6000 = 3.33!
So guys brace yourself for a target of 66,666 in the next two years!