Adam-Cox

BTC - Targets $53

Long
BITSTAMP:BTCUSD   Bitcoin
Quick note - mostly motivated by 'dream' sellers on Reddit. I see posts mentioning $50 and then $65 price targets.
Well, to get to $50 from the current price is simply a matter of 'noise'. If the crypto is moving around 1-5% daily on average, you going to hit a round number of $50 from this level with daily volatility alone.

Personally, I think we have a more soundly based price target for the immediate short term of $53- $54 for BTC.

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