ChrisD_Macro

Bitcoin 10,000 Why Is It Important

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin has a very violent reaction to the 10,000 price level

It has traded through that price 9 times on a monthly basis.

The average move of the monthly candle is 4600 points, currently we have moved 1,000 points +/-

That leaves a range of 3600 points, higher or lower, to be average

BTC has done 10k in one month going from 10-20k back in 2017

I spend two whole hours analyzing the last 10 years or so of Bitcoins parabolic moves, analyzing price action and preparing for what to expect in the coming months

Measured move targets above 20k and above 35k
Have a watch

http://bit.ly/37pdqMG

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