UPDATE Bitcoin still aimed at $100,000 first target but in 2024?
Bitcoin from the last update has completed the consolidation range while moving in a Falling Wedge.
It has broken above the resistance now and is showing upside to come.
The question arises whether we will see $100,000 this year.
If greed and mania kicks in then yes it could rally.
BUt where there is greed there is fear. So I don't actually think we will see $100,000 until maybe MArch 2025.
It's the same concept and analysis as last time - just showing the breakout above now.
It has broken above the resistance now and is showing upside to come.
The question arises whether we will see $100,000 this year.
If greed and mania kicks in then yes it could rally.
BUt where there is greed there is fear. So I don't actually think we will see $100,000 until maybe MArch 2025.
It's the same concept and analysis as last time - just showing the breakout above now.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.