The path to 50K

١٨ يناير ٢٠٢١

Just an educated guess of what Bitcoin's path to 50K will look like on the 12-hr chart, based on clear pivot and resistance points. Fun to try and predict these things and see how it goes. Obviously, the odds of getting something like this even roughly correct are very small. I do stand by my previous prediction that we are forming a large ascending triangle and that we'll come back down to touch the triangle's ascending trendline one last time after reaching a double-top peak. At that point, as I pointed out, it's a perfect spot for whales and market makers to do some dirty work.