I've done this analysis about 5 months ago! and now I see the first stage of it has came true! ,I mean the retracement part still :)
I think Bitcoin will pass Gold's market cap and it will be soon.
Note that this target is just approx. and may not be reached exactly!
But it may goes around ~ 250k $ to 500k $
After hitting this ATH, I think the previous two...
here's the ultimate target of Bitcoin in a long term analysis :)
And three milestones are there:
1- about 250k $ at 2021's ending!
2- about 35k $ at 2023's mid-year!
3- about 2~3million $ in 2025!!!
Two possible scenarios for Bitcoin are right here!
If the price hits the resistance line and returns you should sell at the pullback point, and if the daily candle closes above blue & red resistances wait for a pullback and buy it :)
It's not a good idea to buy in the current price,
It seems that we should stay till the price hit the support line near 25k USD then you could buy after a good candlestick formation.
a possible future event:
The price will hit the support trend line at around 25k, then you enter to a buy position,
your stop loss should be around the strong support line 19k and you...