My chart simply shows the similarities of Nasdaq compared to Bitcoin
price and the price action. Bitcoin
clearly moves about 2X Faster then nasdaq sometimes even quicker. IF we were to take this in to account we are to see the 20K breakout by the same time next year. If Bitcoin
closes above 12K for more then 1-2 weeks this will be extremely bullish
case for the bulls. If we pull back under $10K we will have to reconsider the downside targets of $9200-8500 and possibly a very rapid drop lower. As of now, the market can be a lot more irrational then you can be liquid so just stick with the current trend that we have been in. Thanks for watching
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This is not to be used as investment advice, I am not an investment advisor.