BillCharison
Education

BITCOIN $100,000 BY THE END OF 2021? REALITY.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Over the course of crypto history, people were wondering about its future. Some people keep calling crypto a bubble, while some people arguing that within a couple of years, fiat money will die and be replaced by crypto currencies. Luckily, now we have more data to analyze the chart and make predictions based on full technical and fundamental analysis . That is what we are going to do now.

Straight out the gate - I don't believe that Bitcoin will ever cost cheaper than $2000. There are no manipulation schemes that can lead to such a dump. It means that those people who bought $BTC when it was below the $3000, will never be able to sell one in a break-even zone or much less in a loss. According to volumes which entered Bitcoin that time, we can confidently say that rich people knew this fact and went all-in.

History repeats - every crypto-trader knows this. We will build the analysis on this rule. I've mentioned up-trend periods with blue colour, as you could mentioned, there are always 164 bars and 1148 days. Why did I mention exactly this period? Because from the beginning of the global ascending support to one's breaking have passed 1148 days. It has happened already two times before. However, it is not all, at all. I've mentioned a lot of factors allowed me an opportunity to predict where the next up-trend will find its beginning and its end. Let consider all of them.

  • 1. First of all, there is a death cross (MA100 - MA50) above the support. We can see it as in April 2015, as in February 2018.

  • 2. Secondly, the price jumps from the MA200.

  • 3. Thirdly, the M50 acts as a resistance and when the price touches one, RSI is located at the same levels in both years.

Based on this data, I can assume that currently we are in the consolidation zone and it will last for 266 days (there are only 3-4 months left until the end). After the end of the consolidation phase, the price will form new ascending support. We will update local highest levels, correct to the zone of $5000-$6000 and form a new golden cross. The top point of the new uptrend will be located at the $70000 - $100000 and will be reached by the end of 2021.

Thus, we can expect a flat in the range of $4000-$6000 in the next couple of month.




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Related Ideas

I would love to see Bitcoin goes down and continue the cycle of depression once more. I can't stand these moonboys and their Youtube and call leader being delusional on their lambo dream and bully on all other different ideas.
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one step at a time. At the moment it appears that we may have some difficulty breaking through the 6000 level
+1 Reply
- BTC is facing with strong resistance at 6100$
- This is the first test. It needs two or three times to test to break this resistance.
- Low volume with higher price
- We're seeing bearish divergences in the RSI , the MACD , Stochastics, Volume , ...
- Strong support at 5380$

Please take a look at our idea and let us know what you think!

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Let's get above 10K first, then talk about 100K
+1 Reply
I think this would be accurrate if BTC was a common security but seeing as it is a (still new form of digital currency) which is JUST NOW starting to even graze mainstream use case and investments from people like my father, an attorney for 40 years who told me 8 years ago buying BTC at 32$ was "INSANE" and that holding it when it hit 1000$ was "the dumbest thing I had ever done with my life" I could sell and be a multi millionaire, and when BTC hit 15K he was literally SCREAMING at me to sell and I did sell alot and I did make millions but guess who just bought his first Bitcoin>? that same father.... after watching me go from poor to wealthy and then increase said wealth shorting BTC down to the floor and gaining 3700% ROI's on my "crazy nerd gamer money" on the way down and through the "crypto winter" (which was more lucrative for those of us lucky enough to be taught how to ride it and smash heads 10x leverage shorting 2 million $ of BTC from 19k all the way down to 4800$... (yes thats 30 X on 2 million).... point is people with old money like MY father who witnessed the great wealth amassing of his own child (and we have a great relationship) are JUST STARTING TO DIP THEIR LITTLE TOES IN THE WATER because some bankers and big boys are finally saying "it might be safe"... this is a factor that cannot be quantified by historical charts because the momentum about to be gained by this never before seen influx of cash from old wealth people don't even know EXISTS and criminal empires are slamming crypto wallets full to the brim and even wallstreet wants to dance with the crypto devil so000, to think that after 3 years the best we are gonna see is 3k-barely 6500 and then back to the floor again is a bit chart-tarded and simplistic in my opinion. NOW THIS IS ONLY AN OPINION of someone who once mined thousands of Bitcoins hoping that one day they might be worth 5$ a pc.... and has watched Bitcoin battle its way into the world of Traders and wallstreet(yuck!) and banks.... I know that 95% of the billionaires and another 90% of 100 millionaires are still extremely weary of Bitcoin But this is the year that is changing, people are waking up and realizing holy S#$%! we missed it early but they were right! its not going away and they are going to be Dropping little swiss accounts in people like me's laps to blast into crypto and the total crypto market cap is going to do numbers like we have never seen! its coming fast and if your not buying every Bitcoin for sale then well, your stupid! lol, HAPPY TRADING EVERYONE! I HOPE EVERYONE IS AS BLESSED IN THEIR TRADING CALLS AS I HAVE FORTUNATELY BEEN, and I would like to thank everyone who has had faith in my ability to go from geeky gamer to big time coin-mover and mining manufacturer, GO OUT AND GET IT WHILE YOU CAN, there is alot of rich money coming into market and if your smart it is yours for the taking just learn when to get it in and when to get it out and short that coin down through the pavement!!
+8 Reply
What a great tutorial and analysis.
+1 Reply
100k Bitcoin is hard to believe. But just because something is hard to believe, it doesn't mean it is impossible.
+3 Reply
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