We are approaching the blow off top phase of the BTC bull market, buckle up

in #bitcoin3 years ago

It's about to get very exciting again in the bitcoin and crypto world, if it wasn't already exciting

We may have a few more weeks or months of altseason, but then bitcoin will again take the reigns.

This doesn't technically mean altcoins will go down in USD terms, in fact some will probably continue to go up, but against BTC many will start to under perform again.

Here's where we are on the chart:

image.png

(Source: https://twitter.com/100trillionUSD/status/1390653205609132032/photo/1)

Look at the chart in mid 2017, when the dots started to transition from red to orange...

That's where we are right now.

When the price eventually emerged from this consolidation zone, it shot up, big time.

As you can see, the last 5-6 dots on the graph was some of the most vertical price action during the entire bull market.

Hard to imagine considering we already came from about $10k when this whole rally started.

There are a ton of models pointing to bitcoin hitting $200k by the end of this year with some pointing much higher than that.

Personally, I am thinking we are going to top out around that $200k number as the law of large numbers starts to come into play the higher we go.

Where do you think we top out and when?

Sort:  

Bitcoin is gearing up for some big firing bull shots. I am strongly bullish on BTC/USD and feel that it wont be a surprise to see it touc $100k by the end of next year.

Being a technical analyst i always believe in levels and posting the most recent chart of my analysis showing the important levels. $55k seems to be a good support and a $60k looks like the breakout zone.

Its time to get into action and capitalise on the opportunity .

Do let me know what your views are.

#btc #crypto #news #investing #charts
btc.png

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70638.80
ETH 3565.34
USDT 1.00
SBD 4.73