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Bitcoin To $20,000

From forbes.com

If bitcoin (BTC) breaks $14,000, it is going straight to $20,000. I hope you will allow me a little wriggle room in that but a break of $14,000 will make a fast move to about $20,000 very likely indeed. This is the setup: This is an explosive technical setup. BTC repriced as predicted around $11,000-$12,000 and depending on how you analyze the equilibrium it has been trading at, is making a good stab at breaking out to another big run upwards. You might say it has happened and that the equilibrium range closed and now it is on the way up again, but that is an aggressive reading. A breakout is a 20% chance and ... (full story)

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  • Category: Fundamental Analysis