praveensam001
Short

Bitcoin Life Cycle -> $ 2.00 to $ 20,000; now heading to $ 200

BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
Hi all

Hope you don't hate me, after reading my conclusion in this post.
I would like to bring a kind CAUTION to the users across the world with my technical analysis .
I wish this wouldn't happen. But I can't deny the facts that I see in the charts.

What-If Analysis:
  • What-If Bitcoin falls to $ 200 ??
  • Do the chart tell us a complete different story that no-one cares??

Answer: (My Personal Forecast)
  • Probably, Yes.
  • Target Price is $ 200.
  • Target Period is Q1 of 2021.
  • Refer the chart that is used to predict this price action.

Invalidate Scenario:
  • Price will break the Red Line bullish .

Further Confirmations:
  • Price shouldn't go above 14k .
  • Yellow line should be broken.
  • Green Spiral will hold as SUPPORT.

For more updates, follow me here.
~RPS~

Comments

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