Bitcoin Long term forecast
Blue: 10 EMA $7,600
Green: 20EMA $5,400
Red: 32EMA $3,900
Black: 48EMA $2,900
If Bitcoin continue to go through 2014 crash, it should deep down to Redline (32EMA) around $3,900 along with RSI goes down from 60 to 54. Then, it should bounce upward up to Blueline (10 EMA) $7,600.
The final correction of 2018 after the bounce upward to $7,600 might a drop to Blackline (48 EMA) $2,900.
Price of BTC now is $7,600, the estimation for January 2020 could be at least $80,000, it means 10x or 1000% Profit from 2018 to 2020 as of today. And, if it drops to $4,000, and then go bullish to $80,000, it means 20x or 2000% Profit by 2020.
BTC could easily shape a bubble by 2020 from $80,000 to a range of $120,000, $260,000, $400,000, $600,000 and even $1,000,000.
Green: 20EMA $5,400
Red: 32EMA $3,900
Black: 48EMA $2,900
If Bitcoin continue to go through 2014 crash, it should deep down to Redline (32EMA) around $3,900 along with RSI goes down from 60 to 54. Then, it should bounce upward up to Blueline (10 EMA) $7,600.
The final correction of 2018 after the bounce upward to $7,600 might a drop to Blackline (48 EMA) $2,900.
Price of BTC now is $7,600, the estimation for January 2020 could be at least $80,000, it means 10x or 1000% Profit from 2018 to 2020 as of today. And, if it drops to $4,000, and then go bullish to $80,000, it means 20x or 2000% Profit by 2020.
BTC could easily shape a bubble by 2020 from $80,000 to a range of $120,000, $260,000, $400,000, $600,000 and even $1,000,000.
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