BTC future according to my analysis

Hi everyone,
It's another day of the week, and I'm delighted to participate in this contest today organized by @khursheedanwar, which talks about BTC future according to my analysis. I will be making my entry below, so read through it and drop your valuable comment, as it will be appreciated.

Share your predictions about market trends or BTC trend in upcoming three months?

Based on the current price of BTC as seen from the screenshot above after a careful analysis of the price of the said token. I used a period of 1M to perform my analysis since we are asked to analyse price for the next three months.

Based on my analysis, I had to draw 2 line one serving as a support line and the other serving as a resistance line. Now this was to help me find the key level of support and resistance so as to know where and how long the market will move.

Considering the below screenshot you will also notice that the price based on the next resistance level is spotted at about $75,400 which means that if the market keeps going upward based on factors such as the USA election and other speculation then we are going to see the next BTC price at that very level before the end of the next 3 months.

Also if you careful look at the support level I have also indicated you will see that the major support level is seen at $72k which means if there are negative talks about crypto or anything related then the price of the said BTC will drop to that very level. Since my predicated is based on support and resistance level, I needed a more accurate prediction hence I decided to introduce the Bollinger Bands indicator as seen in the screenshot below.

From the screenshot you will notice that the price of the asset is found within the Bollinger bands and that the upper and the lower band are contracted which means that the market is sideways at the point of this analysis.

Though taking a closer look at the chart I saw that the market has hit oversold region and that the movement is possibly going into an upward direction. So based on that analysis I'm confident that the next price of the said token will hit $75k in the next 3 months.

I want to invite @josepha, @simonnwigwe, and @bonaventure24, to join the contest in this community and share their entry participation.