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kingpannu

Why Bitcoin at 8k-12k price is the only bullish scenario

Bitcoin (COINBASE:BTCUSD)  
kingpannu Updated   
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Wave Analysis BTCUSD BTCUSDT Bitcoin (Cryptocurrency)
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Fellow traders. Let's have a look at different popular price targets for the bitcoin doing the rounds in the market. Let's see what will be the resultant pattern for the long term.

1. Bitcoin at 8k to 12k price : Bullish upward channel will be formed. This is my most plausible price target at the moment.
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2. Bitcoin at 30k Price: Bearish rising wedge will be formed. It will lead to lower all time highs and future big price crashes.
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3. Bitcoin price at 20k. It will also lead to bearish rising wedge formation. This will lead to future big price crash again and lower all time highs.
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NOTE: This is not a financial advice. Do your own research before investing.
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Bitcoin needs to break these two trendlines to become bullish

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