James_Winsoar

Bitcoin (BTC) to $4000 USD

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Following a bullish breakout of a descending channel pattern my price prediction for bitcoin of around USD $4000, and then some retracement can be expected, but it looks like the bulls are gaining strength once again. Most of the panic sellers have probably sold their bitcoin now to institutional investors, and the remaining HODLers are optimistic that prices will surpass previous highs in the long run.

(Ignore parabolic SAR report that is not applicable on this time frame and I should have taken it off the chart before publishing).
Trade closed: target reached