Bitcoin - to touch 66,666 by next year atleast!
If you have read my earlier posts, I've been talking about a downward sloping trend-line which has been impeding Bitcoin's progress for the last 3 months. This trendline has been tried , tested and failed thrice.. fourth time lucky though.
Now traders please brace yourself for some consoilidation action between 9000 and 11000 tille we break out above 11000 for a target of the all time highs..
What next above 20000?
Bitcoin made lows of around 6000 after touching near alltime highs of 20000.. so once Bitcoin crosses 20000, the next target is 3.33 * 20000 = 66,666
How did I reach the multiplier of 3.33 you might ask.? That is 20000/6000 = 3.33!
So guys brace yourself for a target of 66,666 in the next two years!
This is really a nice analysis. BTC price is moving upwards. Hope this will continue and reach 30k this year!
I think BTC will surpass 100K by this time next year!!
Looking good! I can cope with 66k in the medium term!!
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when it goes down everyone told it will touch $4200 and now it is going to touch $66666. Whom to trust?
My fibonacci projection target is between 35k to 40k and it will be this year, most likely end of 2Q, beginning 3Q.
How did you reach the time frame? 2 years is too long, don't you think?
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Great post!
Thanks for tasting the eden!