BTC Looking at the Day Chart
After reaching the new ATH of 7900 there is a possible correction which would lead to 6200 or possibly 5200, under 5000 we might see a price reversal back to 3000 (old low) which i think is not very likely at the moment. If we come over 7100 in the next days sustainably, the long scenario could continue directly before the correction ends.
Old Price target projection was 8400, new price projection is 9500 at the beginning of the next year in case the unusual strong uptrend continues. Considering this strong uptrend, it might be also not impossible, that the correction is ending earlier than expected and the price could go into a sidewards movement between 6500 and 7000 for a time before continuing the rally.
It's possible that the price bounces off around 6200 or 6000 (or 5200), with a strong countermovement or v-formation leading to 7000 again within a few days (look for huge buying volumes in a short time).
If there is no major reversal signal it's clearly possible we get over 10 000 next year, even if the uptrend weakens a bit, which on the other side would certainly not surpise anyone after the strong rally the last months.
Old Price target projection was 8400, new price projection is 9500 at the beginning of the next year in case the unusual strong uptrend continues. Considering this strong uptrend, it might be also not impossible, that the correction is ending earlier than expected and the price could go into a sidewards movement between 6500 and 7000 for a time before continuing the rally.
It's possible that the price bounces off around 6200 or 6000 (or 5200), with a strong countermovement or v-formation leading to 7000 again within a few days (look for huge buying volumes in a short time).
If there is no major reversal signal it's clearly possible we get over 10 000 next year, even if the uptrend weakens a bit, which on the other side would certainly not surpise anyone after the strong rally the last months.
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