mikeycollins

BITCOIN - Expected Rally - How far will this run?

Long
CRYPTO:BTCUSD   Bitcoin
Bitcoin has various fundamental tailwinds driving price including the two notable ones, ETF flows and halving expected H2.

Looking at the two previous breaks above an all time high (ATH) we can expect a period of 6+ months of price increases if a break is sustained above $70k with prices expected to at least double.

Target price for Bitcoin: $150k. Profits to be scaled down from September to complete unwinding by December 2024.
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.