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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