In my opinion the Citibank analyst is too optimistic and he did not account for Bitcoin logarithmic nature. I would say 318K USD is a bit too optimistic and set a more realistic target of 80-90K within my chart In my opinion Bitcoin also has extending its market cycle by 8 - 16 Month every cycle. So this cycle would not be topping in Desember of 2021 but somewhere...
Many of us here don't really expect a Bullrun until late 2023 or 2024 - assuming we are in a lengthening Bitcoin cycle ( which I agree that we are . ) But when that happens posslibly some coins will do quite well .Here we see FUN from Binance tether chart . You can see the price right now is .0033 cents , or about 3 cents . But if we check the All Time High of FUN...
Bitcoin starts to show first signs of weakness and distribution. There is a high probability we are at the end of up-cycle, or will be in following week or 2. To sum up - I am expecting BTC to reach 10600-10800 USD soon. A reaction on this zone will be crucial for next move. Expectation is it will be just a quick reach for liquidityy and we won´t close daily...
Bitcoin Clean Uptrend Channel and Cycle Analysis, Follow and Like My Analysis
This chart is saying a massive F*ck you to the herd who joined late for the easy money end of 2017, who panic sold thinking it would tank to zero or close to it. This market is punishing this herd who probably panic sold between 6k and 3k. These punishing reversals type of moves are happening in almost every market cycles. They are the perfect symmetrical...
This pattern shows that BTCUSD is trading on its new long term support zone. Using the Ichimoku Cloud as a prime leading indicator, we can identify key trend signals and many similarities between Bitcoin's last two bear cycles (2014/15 and 2018/19). First of all the cloud's squeeze (October - December 2014 and September - November 2018) was a Sell Signal to the...
bitcoin 4years major cycle. It's a healthy and natural process. Is the bottom around the first week of february ?
DISCLAIMER: THIS IS NOT TRADING ADVICE AND NOT FINANCIAL ADVISE. I AM NO FINANCIAL ADVISOR AND I AM NOT RESPONSIBLE FOR ANY LOSSES YOU MAKE. DO YOUR OWN RESEARCH, ONLY YOU ARE ACCOUNTABLE FOR YOUR ACTIONS!