sachu_blessyou

Keeping it Simple: Bitcoin (45k Target)

Long
BITSTAMP:BTCUSD   Bitcoin
If we take a fib retracement from the last high to the low during the crash we get these levels. You can see these levels have consistently been major for Bitcoin, or example the 0.5 line has had a lot of price action around it. Now that we broke out we're approaching the 1.6 level at 30k. I'm posting this to show how price isn't just up in thin air, we are right below major resistance. Personally I have sold my Bitcoin and will buy back if there is a clean break at 30k. If we look at the past bull run of 2013 and take a retracement we actually paused at the 1.6 level as well and then shot through to the 2.6. History doesn't exactly repeat but it tends to rhyme, if we do break past the 1.6 level we can expect a 45k target. Until we break 30k there is just too much risk holding it here especially considering everyone who bought prior to these past few months are now in profit. Long term I think Bitcoin / blockchain will be one of the most important contributions in history and am very bullish, if there is a dip or a break of 30k I will buy back. Hope everyone is staying safe and goodluck
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