InvestingScope
Long

Bitcoin's next target: 9,000 - 9,500.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This is purely a Fibonacci estimate. If the 0.236 Fibonacci level breaks (7,050) then Bitcoin should target the next retracement level, which is the 0.382. From the 19,700 All Time High to the 3,150 bottom, this is approximately 9,500.

The supporting line of the previous bull run (2016/ 2017) may provide some Resistance along the way but the current 1D Higher Low trend line (green) supports. The fundamentals can push it on an even faster pace.

Long term charts on the new bull cycle:

.png' src='/static/images/svg/idea-image-placeholder.svg' alt='Bitcoin: Roadmap to the next Halving. Reward phases and cycles.' class="js-image-lazy-load">






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