sachinsuman246

Bitcoin Breakout Forecast with Possible path to >> 100k

Long
INDEX:BTCUSD   Bitcoin / U.S. Dollar
Hi Folks,
I have used the bull market support band ( Huge fan of Bejamin cowen ) to trace a possible path for BTC which seems to be in an ascending triangle in daily timeframe .

BTC should test the support band once again and if it "holds the line", it will enter into a price discovery mode. If the on chain data and logarithmic regression pans out, it can easily hit 150k. ( watch videos by Benjamin cowen )
Trade active: Till now, BTC is following the path that was charted in the idea. However, it's strongly holding the support at 60k. If it shoots up again, this will be the last time BTC sees 60k in this cycle.
But, if it fails to hold 60k support, it will test 53k as mentioned in the chart which will be a great buying zone.
"fingers crossed".