Bitcoin $200,000 by June 2021. Then dip back down to $30k-40k in 2022... Am I right?
Comment:
I have been thinking lately... perhaps it is unwise to use a straight line to predict the future all time high on a log chart. Maybe it's better to use a log growth curve. For that reason, I predict a more modest target of $150-200K by February 2022. Perhaps $80-90k by November 2021. Both of these predictions would be in keeping with PlanB's stock to flow model.
Also, I am noticing a significantly bearish divergence on the 1 week chart with regards to MACD and RSI indicators. I also would like to note declining volume over the last few weeks. For this reason, I would like to adjust my target to a later date. I expect a slight pull-back to a price around $30,000-$40,000 (36k maybe?) within the next month.
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Also, I am noticing a significantly bearish divergence on the 1 week chart with regards to MACD and RSI indicators. I also would like to note declining volume over the last few weeks. For this reason, I would like to adjust my target to a later date. I expect a slight pull-back to a price around $30,000-$40,000 (36k maybe?) within the next month.
Please let me know what you think.