Why? Price will hit the "God Line" the dark blue ascending trendline which extends from a low of $100 after BTC's first 1k appearence, then goes to this year's recent lows. Heard a fella on Money Show be bullish about $4300 holding. I'm calling $4020 for funsies but it could go lower into the 3000s near the Daily's 200MA lower Bollinger Band current area.
What's with the descending lines? Yeah right. Lots of 'em. The dark blue descending I have meeting the God Line April 1st is from the All Time High to this month's low. This line is not necessarily a support or a resistance, but more of a magnet of direction like a moving average.
Do I have any idea what I'm talking about? Of course not. I'm a bum. Good luck out there kids!
BTC Macro Projection: Range from 3k-6k for a few years til Parity with Gold. Maybe i dunno we'll see.
Based on TA rules, we have 80% probability of hitting the median line.. if we do.. in which point will we?
Good Luck :)