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BITCOIN: Easy Price Projection

Aezakmi@aezakmi (58)2076d
Here's my two cents about this cycle for Bitcoin:

Using the Trend-based Fibonacci Extension tool, from the lowest point of the 2014-2015 correction (two cycles ago), to the highest point of the previous cycle (previous ATH), one can see that these specific Fib levels have a major importance:

  • the 0.236 ($9788) was a major S/R flip for the past two years
  • the 0.382 ($19414) aligns perfectly with the previous ATH and brought some resistance with it
  • the 0.5 ($33766) is our most recent target and BTC is currently fighting to break it

Now, the 0.618 (& Golden Pocket), at $58-68k is what I believe will be our next mid term target, that will trigger a local high for this bull cycle. Mark these levels and let's see how things will play out. Stay safe peeps!

[Ctrl + Click here to enlarge the image in a new tab (steemitimages)](https://steemitimages.com/0x0/https://i.imgur.com/GlIOZVN.png)

![btc2021.png](https://i.imgur.com/GlIOZVN.png)

steem line 2.png

Posted Using LeoFinance Beta

Comments · 4

  • @hivebuzz(74)· 2061d

    Congratulations @aezakmi! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

    You received more than 500 as payout for your posts. Your next target is to reach a total payout of 1000

    You can view your badges on your board and compare yourself to others in the Ranking If you no longer want to receive notifications, reply to this comment with the word STOP

  • @aezakmi(58)· 2075d

    Here we go:

    [Ctrl + Click here to enlarge the image in a new tab (steemitimages)](https://steemitimages.com/0x0/https://i.imgur.com/lKanpX6.png)

    ![btc2021a.png](https://i.imgur.com/lKanpX6.png)

    Posted Using LeoFinance Beta

  • @zuerich(72)· 2076d

    Thanks!

  • @poshbot(59)· 2076d