I have taken a look at the Ichimoku cloud indicator and compared the current time frame with that of December 2017. Looking at the bullish Ichimoku conversion line cross base line back then and recently in 2020 and matching the speed (73 days) at which BTC reached its last ATH a very aggressive but valid forecast appears to be for Bitcoin to rally until December 29, 2020 to $52k. I believe the current downtrend will find support at $18.100 if it has to.
Buckle up Bitcoin and Ethereum will lead the way now and the altcoins will then fire up their engines and have their full altcoin cycle.
Happy holiday season. Let's see if Ichimoku holds up.
Buckle up Bitcoin and Ethereum will lead the way now and the altcoins will then fire up their engines and have their full altcoin cycle.
Happy holiday season. Let's see if Ichimoku holds up.
Comment:
I guess we are going via scenario B to A
