Considering the next big upside target for bitcoin | FX Research
When considering trends, it's important to understand that markets tend to move in measured steps.
Looking at the Bitcoin chart, the $69,000 high reached in 2021, followed by the low in 2022, represented a move of $53,540.
Now that Bitcoin has broken out to a new record high in 2024, we project a measured move extension of the same size—$53,540—which points to an upside target now of $122,540.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
Looking at the Bitcoin chart, the $69,000 high reached in 2021, followed by the low in 2022, represented a move of $53,540.
Now that Bitcoin has broken out to a new record high in 2024, we project a measured move extension of the same size—$53,540—which points to an upside target now of $122,540.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
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Stock Market Newsletter:
blackbullresearch.substack.com/
Economic Calendar:
blackbull.com/en/economic-calendar/?utm_source=tradingview
Free TradingView Premium:
blackbull.com/en/platforms/tradingview/?utm_source=tradingview
blackbullresearch.substack.com/
Economic Calendar:
blackbull.com/en/economic-calendar/?utm_source=tradingview
Free TradingView Premium:
blackbull.com/en/platforms/tradingview/?utm_source=tradingview
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.