BTC To 90-100k in 2022?
Smooth-brained ANALysis 🧠. Has Bitcoin found it's bottom? I think so. There's a couple reasons why I'm bullish.
1. Bitcoin hasn't broken it's long-term upwards trend since September 2020.
2.Downward trend from 69k has been broken.
3. It looks to be bouncing off of the 20 MA on the weekly chart, similar to how it did in summer of this year. Where it then shot up 133% from it's bottom.
4. The weekly is about to close bullish in the next week or two on the MACD (I prefer reverse MACD cuz I'm a Chad). The last time this happened was in July of this year.
So what can we expect? Possibly a similar move to what happened this passed summer. If it's anything similar we could see a move to around 90k where the 1.618 fib is or to 100k if it matches the percentage run from it's last bottom in July.
Lemme know in the comments below whatcha think? Where do you think it's going next year? Could interest rates hinder BTCs progress? Am I a tard or a genius? 🤔
1. Bitcoin hasn't broken it's long-term upwards trend since September 2020.
2.Downward trend from 69k has been broken.
3. It looks to be bouncing off of the 20 MA on the weekly chart, similar to how it did in summer of this year. Where it then shot up 133% from it's bottom.
4. The weekly is about to close bullish in the next week or two on the MACD (I prefer reverse MACD cuz I'm a Chad). The last time this happened was in July of this year.
So what can we expect? Possibly a similar move to what happened this passed summer. If it's anything similar we could see a move to around 90k where the 1.618 fib is or to 100k if it matches the percentage run from it's last bottom in July.
Lemme know in the comments below whatcha think? Where do you think it's going next year? Could interest rates hinder BTCs progress? Am I a tard or a genius? 🤔
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