BitcoinPanjang
Bitcoin 100K by Christmas '24?
FA:
> 'cryptocurrency fan' Trump becoming president has created a surge in speculative investments into Bitcoin and altcoins.
> ETFs, especially Bitcoin ETFs are doing better than expected
> New innovations in blockchain technology are pumping altcoins as well as Bitcoin
TA:
Judging by the last pump from the beginning of 2023 to march 2024, Bitcoin is aiming towards 100K for the next resistance and price correction.
Volumes have been relatively stable, so I do not expect any drastic surprise-dumps of the same long-term nature as in the past, for 2024. But we might see a pump to 100k before Christmas 2024.
Tools used:
Reverse Fibonacci Retracement
Projected Forecast/Forecast
This is not investment advice or financial advice. These are my own subjective thoughts on Bitcoin/altcoin price actions.
> 'cryptocurrency fan' Trump becoming president has created a surge in speculative investments into Bitcoin and altcoins.
> ETFs, especially Bitcoin ETFs are doing better than expected
> New innovations in blockchain technology are pumping altcoins as well as Bitcoin
TA:
Judging by the last pump from the beginning of 2023 to march 2024, Bitcoin is aiming towards 100K for the next resistance and price correction.
Volumes have been relatively stable, so I do not expect any drastic surprise-dumps of the same long-term nature as in the past, for 2024. But we might see a pump to 100k before Christmas 2024.
Tools used:
Reverse Fibonacci Retracement
Projected Forecast/Forecast
This is not investment advice or financial advice. These are my own subjective thoughts on Bitcoin/altcoin price actions.
Penafian
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