BTC prediction 103k Long

BITSTAMP:BTCUSD1D

Bitcoin / U.S. dollarBitstamp

Description

⋅ Feb 15, 2021 2:42 PM

Prediction of Bitcoin/USD to go to 103k in ~30days. Using parabolic curve and Ace Spectrum indicator.

Comments

malachyoneill121

⋅ Feb 15, 2021 4:24 PM

Whats your opinion on people saying btc is bearish mainly because of the rising triangle?

Ununseptium

⋅ Feb 15, 2021 10:20 PM

@malachyoneill121, the 103k would be still possible within the ~30 days when btc continues parabolic.
Here one prediction for the bearish pattern:

With more investors in BTC and a change of trading with people holding assets, and not dumping, the patterns might change. The 103k prediction is based on the parabolic run towards end of 2017.
bloomberg.com/news/articles/2021-02-15/bitcoin-s-latest-record-run-is-less-volatile-than-the-2017-boom

Ununseptium

⋅ Feb 15, 2021 10:35 PM

@Ununseptium, additionally the FSR is showing support around the 41k area, in case of a drop this could be the area to watch for a bounce towards 100k.