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ngordon
Sep 12, 2019 6:17 PM

btc/cnyusd Long

BTCUSD/CNYUSDBitstamp

Description

People should begin to take notice of the price of Bitcoin in Chinese Yuan. This chart looks a bit more bullish than priced in USD.

I am looking for the price to break upwards starting around Sept 19th. It will probably grind its way up to 13,000 (USD) by end of Oct, come back to retest support, and blast through 13,800 (USD) by early-mid Dec. I am looking for minimum price target of 17,000 (USD) by end of year. Maximum price would be 21,000 (USD) in my estimation.

Who is really running the show here anyways?
Comments
HiasFiat
Good idea to look at other currencies also, found this one, BTC/turkish lira, new ATH in June 2019....
MaxL82
Interesting stuff. Thnx.
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