BTCUSD
In-depth and long term analysis. After breaking the 3k resistance in July of 2017, Bitcoin reached all time highs at 20k in approximately 5 months. I'd say we're 2 months into this rally and if history repeats I'd expect price to top out at 31k in February 2021. If price respects my extension level, price should begin its decline from there for an 84% move like we saw last time, which would bring us down to 4.9k. The last 84% decline from 20k to 3k took a little over a year. If the same thing happens this time around 4.9k would come during the Spring of 2022. I saw the Citibank report where one analyst expects Bitcoin to reach 300k by December 2021. Very well could I guess. If BTC went from $1 to 20k, what's stopping 20k from heading to 300k. It's anyone's guess. I just wanted to have some fun today
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