If this FIB. base holds, we will see one final parabolic rise in $BTC to $63,000. Following this will be a run to > $10,000 by the end of 2021.
Thesis behind this:
The recent run in $BTC is directly correlated with the Federal Reserve's influx of cash into the free markets. Based on Bitcoin's past two weeks, it is clear that this is not an asset; it is all speculation. April and May will see a rise in, both, the stock market and $BTC due to stimulus and "economic recovery". Behind this wall of hope sits massive delinquencies in the auto and home lending space that will, in hind site, be the prick to this bubble.
Projected final capitulation begins May of 2021. Trade wisely, friends.
Thesis behind this:
The recent run in $BTC is directly correlated with the Federal Reserve's influx of cash into the free markets. Based on Bitcoin's past two weeks, it is clear that this is not an asset; it is all speculation. April and May will see a rise in, both, the stock market and $BTC due to stimulus and "economic recovery". Behind this wall of hope sits massive delinquencies in the auto and home lending space that will, in hind site, be the prick to this bubble.
Projected final capitulation begins May of 2021. Trade wisely, friends.