HiTech
Long

Bitcoin Could Reach 30k by 2019

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
The Bitcoin             accumulation process taking place since February 2018. Since then price has been forming a falling wedge pattern, which seems to have come to an end.

The new Fibonacci cycle has just started, prior to which price broke above the downtrend trendline , indicating on the BTC             uptrend validity. But still, the 6k plays an important role in the further price development and if BTC             stays above that level, price is likely to start moving higher.

According to the next Fibonacci Time Zone indicator the next cycle will start in January 2019. Potentially, this could be the time when Bitcoin             will reach the new all-time high.

The resistance is seen at 161.8% Fibonacci retracement level, which is near the 30k level. But price could go even higher, reaching 35k before the end of January 2019.
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I see the bottom on the beginning of January ‘19 ~$4000
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HiTech tojestmihciu
@tojestmihciu, time will tell, but i remember calculating the bottom some time back, saw it at $4800
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Ever wonder if Bitcoin is just in a major bull flag?

+3 Reply
liberator_D CryptoManiac101
@CryptoManiac101, that explains your username instead of how btc will move lol
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Poukitoun CryptoManiac101
@CryptoManiac101, or a massive cup & handle! :P
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Love the fib..
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Great work brother,

Perfect BTC call, super sell move, check it out guys


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