Here I go over my Bitcoin chart which has an emphasis on long-term trading trends. I briefly explain the chart, indicators shown, and explain how Bitcoin is at the start of a new market cycle. Next, I give a very general analysis for the next two years for bitcoin. I explain how $13,700 is a critical point that we need to get above and hold. Furthermore, I mention Bitcoin could see upwards of $30,000 in the next two years, but it will be volatile. Finally, I want to mention, this is a very, very general analysis. I believe Bitcoin will go as high as $16,000 in the coming months and if we get above the $20,000 mark by the end of the year, I think the new bottom would be $10,500 - $13,300.
You have posted a long and a short?! You’ll be right with one of them
austunutsua
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@Discotrader112, lol right!?! haha The 'short' was a mistake on my profile. Somehow my description and Long/Short for the S&P 500 was attached to that post and I have no clue how to delete publishings :/
XRPTheStanDaRd2000
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Lol you think Btc will break 20k and stop at 30k? You need to do more analysis of past bullruns
austunutsua
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@XRPTheStanDaRd2000, hey, thanks for the comment! I'm new to Bitcoin and always learning. I def don't know the historical bull runs since I didn't get into crypto until the very end of 2018. I also have only been trading for two years and do this as a hobby. I'll be sure to check out your analysis' ..!