My chart simply shows the similarities of Nasdaq compared to Bitcoin price and the price action. Bitcoin clearly moves about 2X Faster then nasdaq sometimes even quicker. IF we were to take this in to account we are to see the 20K breakout by the same time next year. If Bitcoin closes above 12K for more then 1-2 weeks this will be extremely bullish case for the bulls. If we pull back under $10K we will have to reconsider the downside targets of $9200-8500 and possibly a very rapid drop lower. As of now, the market can be a lot more irrational then you can be liquid so just stick with the current trend that we have been in. Thanks for watching
If you find this useful please hit the like button ;)
This is not to be used as investment advice, I am not an investment advisor.
If you find this useful please hit the like button ;)
This is not to be used as investment advice, I am not an investment advisor.