BTC short term prediction. Q1 2021
BTC had a spectacular Q4 2020, with a 4x parabolic move. Even weekly RSI went above 90.
In Jan, consolidation has started. You can see the price in a descending triangle as shown in pic.
This pattern is likely to break bearish. Over Feb-Mar, I speculate the price could drop towards 20K.
This is only consolidation on the Weekly timeframe after a parabolic ascent. There is good support at the 20K region.
It will allow the bull rally to continue into the rest of the 2021.
In Jan, consolidation has started. You can see the price in a descending triangle as shown in pic.
This pattern is likely to break bearish. Over Feb-Mar, I speculate the price could drop towards 20K.
This is only consolidation on the Weekly timeframe after a parabolic ascent. There is good support at the 20K region.
It will allow the bull rally to continue into the rest of the 2021.
Ordem cancelada:
Update: That didn't work out. Instead BTC went up further & been in long correction since.