Trying to speculating how bitcoin can feasibly reach 6 figure targets by developing bull structure in the form of a large pennant. This would imply a significant pullback to form new lows targeting 14,525 in 2024. Would need to see signs of weakness around this current price range ideally 45.5k rejection, however price can continue further in which case the structure of the chart would need to be reassessed to figure out what in the actual FibOnaCCi is going on.
Key prices in this analysis.
45,505.
14,525.
261,000.
No one knows where the market goes, the best guess wins. Oh, and blame yourself if I'm wrong.
Key prices in this analysis.
45,505.
14,525.
261,000.
No one knows where the market goes, the best guess wins. Oh, and blame yourself if I'm wrong.