"Conservative" targets for the bitcoin target in this rally
So let's take a look at some BTC price targets, according to the longterm trend.
If we continue this rally straight on without correction, the moving resistance would be at around 100k.
If we correct, and follow a path like in 2017, the target will be higher, around 120k.
If we do a 2013 style repeat, we'd see the top in Dec 2021 at around 140k.
Of course, we could also overshoot the resistance, there is no law that says that this is a magical barrier.
In that case, the target would more likely be around 300k. We shall see how BTC reacts at this major curved resistance line.
The weekly Stoch RSI and RSI are both brutally overbought, so a larger correction is only a few weeks away maximum. But of course,
in that time it could shoot up to 100k, that would be possible. So we'll have to wait and see now how BTC behaves.
If we continue this rally straight on without correction, the moving resistance would be at around 100k.
If we correct, and follow a path like in 2017, the target will be higher, around 120k.
If we do a 2013 style repeat, we'd see the top in Dec 2021 at around 140k.
Of course, we could also overshoot the resistance, there is no law that says that this is a magical barrier.
In that case, the target would more likely be around 300k. We shall see how BTC reacts at this major curved resistance line.
The weekly Stoch RSI and RSI are both brutally overbought, so a larger correction is only a few weeks away maximum. But of course,
in that time it could shoot up to 100k, that would be possible. So we'll have to wait and see now how BTC behaves.