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thezakeri
May 19, 2021 5:08 PM

Bitcoin to back to 60k in July, surpassing 200k in a year Long

Bitcoin / U.S. dollarBitstamp

Description

Another harsh day for crypto markets, but, the major sell-off seems to be over and we were finally supported by the long term channel.

BTC is set to have a slow/consistent recovery which puts us back at 60k level in a couple of months.

Long term trend is still bullish and we're set to go past 200k around Q1/Q2 2022.

So just relax and STAY AWAY from margin/leverage trading :)
Comments
thezakeri
Took longer than expected to recover but it did :)

Next couple of months we are in price discovery area and will likely head above 100k
Ascetic_Rising
This looks exceptionally smooth.

Nice chart.
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