Bitcoin has been trading in this channel since early July. RSI has been "reset" every 2 months since we hit our 
29K low in mid July, and has also hit our bottom ascending trendline each time. We then see a run up from there. (1) We saw an 80% run up followed by (2) a 25% correction before beginning another leg up (3) of 74%. Am expecting (4) to be between a 20-25% correction before beginning our next, and most likely final leg up (5) which I assume will be more than the 80% we saw in (1) and (3). We seem very close to that bottom RSI level now and I am expecting we see a bounce off of our Demand Zone (green box) today or tomorrow. However if we do lose that zone, I believe $53k would be our next level and more than likely be our bottom for our next leg up. I still believe we will see a $100k+ Bitcoin by the end of this year or early '22.
29K low in mid July, and has also hit our bottom ascending trendline each time. We then see a run up from there. (1) We saw an 80% run up followed by (2) a 25% correction before beginning another leg up (3) of 74%. Am expecting (4) to be between a 20-25% correction before beginning our next, and most likely final leg up (5) which I assume will be more than the 80% we saw in (1) and (3). We seem very close to that bottom RSI level now and I am expecting we see a bounce off of our Demand Zone (green box) today or tomorrow. However if we do lose that zone, I believe $53k would be our next level and more than likely be our bottom for our next leg up. I still believe we will see a $100k+ Bitcoin by the end of this year or early '22.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.