btcinvests

BTC: Why will USD 115,000 be the next target?

BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
Hello my friends!

Currently, many see a small correction. Let us look into the past. We can learn from it. The last three times Bitcoin behaved in the same way. So why should the price development be different after halving?

The monthly closing price is important for Bitcoin . It is interesting that Bitcoin has never tested the monthly ATH again. The price went up sharply after the monthly ATH broke through. The price increase was always more than 700%.

Based on this theory, the next target would be 115,000 USD. This seems to me to be quite realistic and is 1-to-1 in line with my previous charts.



If this November closes below 13800 USD this chart will have to be adjusted. We still have 11 days until the end of the month. I strongly believe that we will not go below 14K until the end of November. Lets see.

There is nothing more to say! In my opinion, the chart says everything about where the road is heading.



--


Let's see what happens.
Happy trading. :-)


--










-


-----
BTCINVESTS.de
-----


http://www.btcinvests.de
mail@btcinvests.de
https://t.me/btcinvests_de

German Bitcoin Consultant · Trading · Research · Investing

Investing in Bitcoin and Cryptocoins since 2014.
Trading experience for over thirty years.



-

Comments

The last time btc revisited ath at jan 2017, it had a retracement. and it seems more likely that a retracement would be seen this time round too due to the sell orders of trapped buyers in place for exit. Perhaps a second visit at ath this time then would we see a massive bull run up to 100k-ish.

Nice chart btw.
Reply
btcinvests shaoxuanong
@shaoxuanong, yes, but this was a normal sharp movement in lower timeframe. catch the dip. thats fine. :-) if you look at the monthly candles you see no retest. :-)



+1 Reply
amazing work... thank you
Reply
btcinvests Zivul33
@Zivul33, thx for your comment. I am pleased. hopefully november stays bullish. :-)
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out