I think, a healthy retest of the downwards channel we are in before more up could result in a price target nearing 50k before March. Then, I would expect us to reach previous ATHs around the summer, and reach 100k EOY.
I think that if we are rejected again and break down, we will see 20k bitcoins soon and confirm that we are in a bear market.
Just to remind you, this is not financial advice I am just drawing colourful lines onto charts of internet money that could disappear at anytime. DYOR.
Please leave your ideas/thoughts below as we are all learning!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.