Bitcoin going to $20k?steemCreated with Sketch.

in #bitcoin6 years ago

This is one pretty bullish looking chart

When I look at this chart I can't help but be bullish.

The measured move says it would go up over $20k on the next surge:

(Source: https://twitter.com/PeterLBrandt/status/1223286801198133248)

The measured move is obtained by simply taking the length of the move up and adding it to the next leg up.

The first move took prices to that $14k number.

So, add that $11k move to our $9k number and you get a price of right around $20k, which is also the old high.

Makes sense to me!

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