Price target for Bitcoin in 2021

in cryptocurrency •  4 years ago 

This here is my price target for Bitcoin in 2021, based on previous cycles, using Trend-based Fib extensions.

  • Fib ext. cycle = starts at lowest point in previous correction -> ATH -> lowest in current correction.

Every time, we came close or at the 0.786 Extension. This time, the 0.786 is at ~$130,000.

RSI also playing an important role: each time, we had this "M" pattern at the 96 level on the monthly chart. I guess it won't be different this time.

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btc2k21.png

steem line 2.png

Thanks for reading and safe trading!✌

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4 years ago by

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