Giorgiopagidi

Maybe to much unhealthy euphoria on the market?

Short
BITSTAMP:BTCUSD   Bitcoin
I think there is a chance to get back under the 20k level because of the Head and Shoulder formation. There is a double Top, too. But this is not bad at all. This is my price target since first got up above the 40K level. This was in my opinion too much euphoria. I will swap my BTC to EUR and wait to buy at lower price. When price gets under the 20K level more Banks and more People will use this opportunity to buy some BTCs. The RSI could drop under the 20-15% level and there is a good entry point to touch the Bottom of the Pitchfork so an new Really starts to the upper Bands. So there is next year a possibility to reach above 100K-200K. The same happens like Mar 2020. Look at my Post on 13. Mar 2020. There was panic solds, too. This is only my personal opinion. This is no purchase recommendation.
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