2020 the year of the bulls?
As usual, I have no idea what I'm doing. This is just fun for me.
On the monthly chart, we're definitely still in a Schiff pitchfork channel. We have a descending triangle forming giving a potential target of roughly $30,000 provided that the breakout is successful. Additionally, assuming the 2019 mini-bull run was wave one of an impulse up, I think wave 3 should be completed around November, 2020 with a target of roughly $33,500. This price range might definitely be an area of interest for us Q4 2020.
Working with the assumption of the Elliott wave impulse move being successfully completed, this might mean BTC will reach $88,000 by December, 2021-January,2022.
All in all, I feel very bullish about BTC over the next few years.
On the monthly chart, we're definitely still in a Schiff pitchfork channel. We have a descending triangle forming giving a potential target of roughly $30,000 provided that the breakout is successful. Additionally, assuming the 2019 mini-bull run was wave one of an impulse up, I think wave 3 should be completed around November, 2020 with a target of roughly $33,500. This price range might definitely be an area of interest for us Q4 2020.
Working with the assumption of the Elliott wave impulse move being successfully completed, this might mean BTC will reach $88,000 by December, 2021-January,2022.
All in all, I feel very bullish about BTC over the next few years.
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