chikoon

BTC could hit 24k in July

Long
CEXIO:BTCUSD   None
BTC just broke fib 0.382 resistance and is headed towards fib 0.5 at 11400 (weekly high from 2019 is around that area). If broken we are headed towards very important fib 0.618 which is last year's daily high at around 14000. BTC was parabolic in the first half of 2019 and it could be the same this year. If this is true we can hit ATH at around 24k by July. There are two important resistance lines before (the area around fib 0.786; 16800-18000) and of course ATH at around 20k. Parabolic target is also the top of the smaller bullish channel. RSI is relatively low at 60. MA cross happened in late December which is a very bullish sign. If BTC fails to broke 10k resistance-top of symmetrical triangle, retest of previous low is expected (around 7k), there is also channel support at 8k and fib 0.236 at 6400. I expect consolidation around 10k for now (8500-10500) before pump.
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