TradingView
cj909
Dec 19, 2021 4:00 AM

BTC possible trajectory Long

Bitcoin / DollarBitfinex

Description

with BTC luming and the collapse of the Dollar and with new COVID difficulties on the arrizon its very difficult to protect the full route for BTC however i have including 3 possible outcomes to follow, one option could result in extremely fast growth followed by a collapse. the second is fall following a head and shoulders pattern followed by finding support in the mid region with steady growth. The last route would be slower however more growth by the end of 2022. in the long term im long however the next few months does give concerns around the BTC price and crypto market cap
Comments
Walter_White_2021
What specifically about price and market cap are you concerned about? I would like to hear more about that, please.
cj909
@Walter_White_2021, doesnt the price and the market cap speak for itself, the likely hood is we will be rangebound between $40,000 and $60,000 for a few months, Retail buyers get bored very quickly which could mean high frustration in the new year causing Retail to leave sinking prices lower for institutions to purchase. institutions waiting 3 or 4 months isnt very long, however the general tom, dick and harry feels that they wish to get rich quick causing them to sell at a loss. when this occurs this is a concern forcing the price lower and extending the period of time to exit positions.
More