Sunday 11/28 (Bitcoin currently $54,270)
This analysis was inspired by the video "BITCOIN MEET WYCKOFF - URGENT VIDEO" by Market Makers. In his video he explained how Bitcoin could reach $42.9k. Please watch the video first for more context. At first I couldn't believe that could happen but after doing some analysis on my own I realized that he could be right. Below is my prediction of where the Bitcoin price could go within the next month or so.
Prediction: The Distribution from early February - mid May had Bitcoin test the .5 fib level ($46,775) before going slightly above the .786 fib level ($57,000). After that it dumped to the 0 fib level ($28,868). I could see Bitcoin doing something very similar. This is my prediction; Bitcoin could retest the .382 level ($52,853) then pump to just above the .786 fib level ($63,408). From there it'll drop to the 0 fib level ($42,893).
Analysis: $42,893 is the price target out of the ascending channel and $42,893 makes sense as the bottom when I tried to draw the fib retracement.
This analysis was inspired by the video "BITCOIN MEET WYCKOFF - URGENT VIDEO" by Market Makers. In his video he explained how Bitcoin could reach $42.9k. Please watch the video first for more context. At first I couldn't believe that could happen but after doing some analysis on my own I realized that he could be right. Below is my prediction of where the Bitcoin price could go within the next month or so.
Prediction: The Distribution from early February - mid May had Bitcoin test the .5 fib level ($46,775) before going slightly above the .786 fib level ($57,000). After that it dumped to the 0 fib level ($28,868). I could see Bitcoin doing something very similar. This is my prediction; Bitcoin could retest the .382 level ($52,853) then pump to just above the .786 fib level ($63,408). From there it'll drop to the 0 fib level ($42,893).
Analysis: $42,893 is the price target out of the ascending channel and $42,893 makes sense as the bottom when I tried to draw the fib retracement.