Bull run Coming?
My ideas are conservative and may disappoint super bulls calling btc 100k. I don't discount this estimate I do my best to quantify what seams fairly realistic based on supply and demand.
Now with that out of the way also don't trade based on my ideas do your own research!
Bitcoin has come into a demand zone that i outlined in green between 6819 and 6317. which we will most likely retest before any hype comes in.
After which i believe we should see a nice run up most likely retest the high near 14k but we could go as high as 16k But I am doubtful due to cost of mining. As far as a time frame Ill be looking for the hype to end some time in April.
At that point I believe we will see supply overtake demand and dump down to 10500 and 9500. My TF for that dump is to see prices stabilize late Jun to Early Jul 2020.
Now with that out of the way also don't trade based on my ideas do your own research!
Bitcoin has come into a demand zone that i outlined in green between 6819 and 6317. which we will most likely retest before any hype comes in.
After which i believe we should see a nice run up most likely retest the high near 14k but we could go as high as 16k But I am doubtful due to cost of mining. As far as a time frame Ill be looking for the hype to end some time in April.
At that point I believe we will see supply overtake demand and dump down to 10500 and 9500. My TF for that dump is to see prices stabilize late Jun to Early Jul 2020.
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