{UPDATE} Bitcoin price target possibilities: 56-80k+?

15 de dez. de 2021

Update to: Bitcoin price target possibilities: 56-80k+?. This factors in the drop from May - July 2021 when bears pushed Bitcoin to 39k, and managed to get it lower, hence the 3 month long bear market in that period. In August bulls rallied back to 39k, and above, reaching 68-69k in November, before quickly dropping back to 39k for less than 15 minutes. before rebounding above 45k. Based on historical trend, the danger of it going pat 39k in the coming weeks, has past. Bulls allowed the opportunity, but it does appear bears are or are becoming heavily exhausted. The plus side for bulls, the bounce in early December at 39k support level, is the same bounce that sent BTC to a new all-time-high...every time since May-July.