BTC: Why will USD 115,000 be the next target?

Hello my friends!

Currently, many see a small correction. Let us look into the past. We can learn from it. The last three times Bitcoin behaved in the same way. So why should the price development be different after halving?

The monthly closing price is important for Bitcoin. It is interesting that Bitcoin has never tested the monthly ATH again. The price went up sharply after the monthly ATH broke through. The price increase was always more than 700%.

Based on this theory, the next target would be 115,000 USD. This seems to me to be quite realistic and is 1-to-1 in line with my previous charts.

If this November closes below 13800 USD this chart will have to be adjusted. We still have 11 days until the end of the month. I strongly believe that we will not go below 14K until the end of November. Lets see.

There is nothing more to say! In my opinion, the chart says everything about where the road is heading.



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Let's see what happens.
Happy trading. :-)


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Kommentar:

after closing november well above the monthly ATH, the following possible scenario arises:

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monthly top reached. small down and consolidation expected. happy trading.

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these are all the cme gaps since the bull run started. which ones will be closed ?

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a small drop to 16k is now possible. but another up to 30k is still possible before we see our small pullback to 16k, max down 15k imo.

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small adjustment: 30 touch still possible, than max down to 18.3. compare it to aug17 and nov17.

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now we have a clear situation: pullback between 0.618 and 0.5.

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chart update: current view ...

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update: chart still valid. if we hold above 40k more up is likely ...

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update: if we are here, we could see something like that ...

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still in track ... :-)