Moshin_GW

$BTC/USD Market outlook over the medium to long term

Long
COINBASE:BTCUSD   Bitcoin
BTC is breaking record highs on each exchange.
One after another, good news, excess liquidity, institutional investors and PayPal's entry, etc.
Surprise news came in one after another, pushing up the market.

However, we have never experienced anything after the milestone of $20,000, you will be stepping into an unknown market.

The horizon from the past market cannot be drawn, and the resistance level cannot be grasped. Therefore, one possibility that can be quoted is the trend line.

An uptrend line that is rounding up from the lowest price set by the corona shock. If you subtract the parallel channels starting from this, the upper limit is about $ 30,000.

Of course, this is a case of price movements within parallel channels, which is a long-term story. The various moving averages also look like a precursor to a big trend in the future.

First of all, $ 20,000 is missing. I would like to keep an eye on the latest market price, paying attention to large fluctuations.

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