Let's discuss guys. What do you think. Is this a Fake Break Out or are we going to push up higher.
As I mentioned in my previous analysis, BTCUSD should go up higher. My target for this year should be between 70-85k. We are approaching this Zone very soon.
I explained this theory based of the past Cycles and past movements. I just view Bitcoin repeating itself but just expanding it when it comes to the time range.
This is super logic. The price needs more volume, more liquidity and at the same more time in order to do the same percentages.
We can see that the price made the same percentages during the Swing Low and Swing Highs.
I was expecting a deeper correction as well (in line with the 80% in previous cycles), but this is not likely anymore. Trend is up, possibly all the way to above 150k before we see another significant retracement.
JasonValice
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sat too long below the ATH line then decided to break out. Seems like natural growth considering all the Altcoins patiently waited to go up for BTC to break out.