This is it ladies and gentlemen. The moment we've been waiting for since late 2017.
The multi year bullish flag is nearing the end.
The moment of decision has come. A possible cup and handle and strong buys could lead to BTC breaking the 3 year downtrend resistance line.
If that happens, then the next bull cycle officially begins.
It will lead to 20k this year, and to new all time highs next year. The target remains at around 100k, possibly more with luck.
DXY is falling, inflation rising, gold also pumping, macr-economically everything aligns perfectly.
Then also halving still in play.
Also, number of daily transactions rising sharply.
Fasten your seatbelts, because if we go over 10.5k, this is it. Then it has started.
The multi year bullish flag is nearing the end.
The moment of decision has come. A possible cup and handle and strong buys could lead to BTC breaking the 3 year downtrend resistance line.
If that happens, then the next bull cycle officially begins.
It will lead to 20k this year, and to new all time highs next year. The target remains at around 100k, possibly more with luck.
DXY is falling, inflation rising, gold also pumping, macr-economically everything aligns perfectly.
Then also halving still in play.
Also, number of daily transactions rising sharply.
Fasten your seatbelts, because if we go over 10.5k, this is it. Then it has started.
Note
It has happened. However, of course we still have to wait for the weekly candle close. But it is EXTREMELY likely that the weekly will close above the logarithmic resistance. In that case, the start of this bull cycle will be confirmed.
Sorry for all the naysayers and btc haters out there, who didn't buy and are now butthurt: basic human psychology.
Instead of admitting their own failures, they blame btc, classic.
BTC will go to 100k by 2021, as I alrady posted here (conservative date for ATH):
or here (more optimistic date for ATH):
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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.
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.