I personally think that bitcoin will be headed to 50k+ by the end of 2020 and or early 2021. Reason for this is bitcoin's usage cycle, current support and resistance hit's. Bitcoin for a little while has been on a bear run but for a very obvious reason that for some reason has people scared. Bitcoin needed to hit high 6,400 for this cycle to even think about starting. Now for the most part we could easily still see surges down but we what we shouldn't see is one that goes below 6,400. If so that would break are ascending resistance that has been keeping bitcoin in this Elliot wave since 2011.
Commentaire:
Wow, I could not of been more right xD