💥$20k BTC Is Coming...The Chart NO ONE Is Looking At💥 (Part 2)
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In this Part 2 of the price of Bitcoin potentially reaching the $20,000 range, I am using previous historical drops from high to low. My point here is not to say that Bitcoin will definitely reach this range, but that if historical patterns are used as a reference point, then we can see that the $20,000 range is within a realm of possibility.
In case you thought you have missed the Crypto Boat, history shows you may get ONE last chance to buy Bitcoin in the low $20k range over the next several months. Patience and strategic planning will be critical to catch the opportunity.
In this chart, the setup is Bitcoin on the Weekly time frame with no indicators.
Of course within this downtrend, Bitcoin may have rallies to $50k or something but the strong historical evidence is that there could be a continued downtrend to the $20,000 range.
The smartest way to use this potential downtrend to your advantage is to Dollar Cost Average into the market with your near term buys being smaller than your later buys. The Bitcoin price might only briefly touch these $20,000 levels as so many people would be trying to jump into the market trying to get $20,000 Bitcoin that $23,000 or $25,000 is as low as you'll see it for sale on major exchanges.
What are your thoughts and opinions on this forecast?
The more we all chat about this, the stronger and more profitable we can all become.
Please consider following me for the latest market updates and mid and long-term Long / Short calls. Let's get to the chart!
In this Part 2 of the price of Bitcoin potentially reaching the $20,000 range, I am using previous historical drops from high to low. My point here is not to say that Bitcoin will definitely reach this range, but that if historical patterns are used as a reference point, then we can see that the $20,000 range is within a realm of possibility.
In case you thought you have missed the Crypto Boat, history shows you may get ONE last chance to buy Bitcoin in the low $20k range over the next several months. Patience and strategic planning will be critical to catch the opportunity.
In this chart, the setup is Bitcoin on the Weekly time frame with no indicators.
Of course within this downtrend, Bitcoin may have rallies to $50k or something but the strong historical evidence is that there could be a continued downtrend to the $20,000 range.
The smartest way to use this potential downtrend to your advantage is to Dollar Cost Average into the market with your near term buys being smaller than your later buys. The Bitcoin price might only briefly touch these $20,000 levels as so many people would be trying to jump into the market trying to get $20,000 Bitcoin that $23,000 or $25,000 is as low as you'll see it for sale on major exchanges.
What are your thoughts and opinions on this forecast?
The more we all chat about this, the stronger and more profitable we can all become.
