wether it goes to 20K or 3K first, either way I am correct :-) I would love it stay above 15K and move up slowly from there, because that would benefit my mining profits that are very low now, but I am afraid Q2 is gonna be a very harsh time for Bitcoin, hitting these mining and energy consumption walls. And multiple 'crypto prophets' like Cliff High are predicting the end of the (financial) World to start 'happening' in March, so better take cover (although I can't think of what's the best way to do that right now ;-)
There is a very strong support/resistance line around 12K and this move upwards we're in now is exactly as steep as the last part of the last bull run. My guess is it will bump up to 15K or 17K and then use the longterm descending resistance line as support to glide downwards. These steep movements are not sustainable for many days imo.
We all sure hope it happens ;)
I will invest in bitcoin
Be careful!
@pagandance,
Most of your predictions went correct! So I think this might also be true!
Cheers~
wether it goes to 20K or 3K first, either way I am correct :-) I would love it stay above 15K and move up slowly from there, because that would benefit my mining profits that are very low now, but I am afraid Q2 is gonna be a very harsh time for Bitcoin, hitting these mining and energy consumption walls. And multiple 'crypto prophets' like Cliff High are predicting the end of the (financial) World to start 'happening' in March, so better take cover (although I can't think of what's the best way to do that right now ;-)
Then it would be great thing for btc holders
20k on March then it's high rate .
There are so many figures in between 3k and 20k so I would rather say 13300 which could be a very close call as well. So lets see.
Thank you and Have a great day.
There is a very strong support/resistance line around 12K and this move upwards we're in now is exactly as steep as the last part of the last bull run. My guess is it will bump up to 15K or 17K and then use the longterm descending resistance line as support to glide downwards. These steep movements are not sustainable for many days imo.
Interesting analysis, but I think the cost of bitcoin 20K will be by mid-summer. Thank you @pangandance
That's a great news cheers my friend @pagandance!!
What a great impressive post .