It's late and I've had a couple of drinks, pondering on what lies ahead of us. Partly seeing red, partly seeing green. Envisioning the worst and best scenarios - fear and hope. Decided to think through a couple of possible futures for BTC and the whistle pigs have led me to post an idea.
Seeing Red
With the current pullback, BTC is headed downward toward lower support of pitchfork . If it continues, we may see continuation down to $45k as first level of support, then onto $43k... obviously it can continue much further to $37k-32k but I won't put that out into the universe.
Seeing Green
In a more positive approach, if price bounces of channel support, we may very well see new price discovery to $65k.
Moonshot
Now for the moonshot call... if this bull trend continues upward within in this pitchfork , it's within reason that BTC could reach $95k-100k by the end of April.
Seeing Red
With the current pullback, BTC is headed downward toward lower support of pitchfork . If it continues, we may see continuation down to $45k as first level of support, then onto $43k... obviously it can continue much further to $37k-32k but I won't put that out into the universe.
Seeing Green
In a more positive approach, if price bounces of channel support, we may very well see new price discovery to $65k.
Moonshot
Now for the moonshot call... if this bull trend continues upward within in this pitchfork , it's within reason that BTC could reach $95k-100k by the end of April.