glatran35

Be Careful Now: BTC to retest $5,000 level in July and August

Short
glatran35 Updated   
BITSTAMP:BTCUSD   Bitcoin
Market is at a temporary peak. We will retrace down to $5,000 level and enter a re-accumulation phase for about 30 weeks.

At the Bitcoin Halving in May 2020, price will be around $12,000.

October/November 2020 Bitcoin will retest the ATH of $20,000.

October/November 2021 Bitcoin will set a new ATH around the $300,000 range.
Comment:
I believe the lowest price we will see again in BTC is $3,700.

The 200 Week MA is at exactly $3,700
The NVT(128) is at $3,475
The NVT(200) is at $3,362
The NVT(320) is at $3,664
Comment:
The 200 Week MA is at exactly $3,764
The NVT(128) is at $3,660
The NVT(200) is at $3,374
The NVT(320) is at $3,725
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.