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farhadnmd
Jan 2, 2021 1:05 AM

Bitcoin high time frame view: Is the top reached? 

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin did very well at the recent bull-run and through this rally, it's about to hit 30K. It had not done any significant corrections since the last dip at 9.8K. This is my view on bitcoin for the next couple of weeks ahead. I have a few scenarios in my mind: 1) Breaking through 30K to the upside and keeping up the bull-run to 60K! (400K is the optimistic target for this run upside based on ongoing trend), 2) Doing a correction to 14K and in this scenario, if 14K supported it can take back the bull-run to higher targets and if not 5K is possible as support.
The second scenario is more possible in my opinion and going to 400K is highly optimistic and far from reality I think, But 100K isn't that impossible for next years. Let's see what happens. Thanks for your attention
Comments
flai54
I am not sure about a correction towards 14K which would be nice but I think now there are definitely support levels at 25K, 22.3K, 20K, 16K etc. So its going to take awhile ot play out but I don't see why BTC won't break up past 30K at least. It just seems like its so close there that it should test it.
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