Bitcoin bottom is set.
2019 is the year to load your wallets.
between 2011 - 2013, bitcoin price rode the support line that later became the 2017 ATH failed resistance.
the support line we rode from 2015 - 2017 may just become the 2021 ATH failed resistance...
the 2013 ATH and the 2017 ATH could continue as resistance for a 2021 ATH creating a much larger price tag.
I expect bitcoin to create a sideways channel for the majority of this year, perhaps even well into 2020.
I expect a new ATH by Autumn 2021.
twitter.com/100trillionUSD/status/1102958785772044289
BitcoinCharts pointed out here:
"Why #bitcoin will not drop under 2k:
1) Miners already capitulated (difficulty -25% Nov/Dec)
2) Too close to the Halving (14 months)
3) BTC never dropped below geometric mean ($2750)
4) BTC never dropped below 50% of stock-to-flow model ($5500)
5) RSI bottomed at (42) now rising"
between 2011 - 2013, bitcoin price rode the support line that later became the 2017 ATH failed resistance.
the support line we rode from 2015 - 2017 may just become the 2021 ATH failed resistance...
the 2013 ATH and the 2017 ATH could continue as resistance for a 2021 ATH creating a much larger price tag.
I expect bitcoin to create a sideways channel for the majority of this year, perhaps even well into 2020.
I expect a new ATH by Autumn 2021.
twitter.com/100trillionUSD/status/1102958785772044289
BitcoinCharts pointed out here:
"Why #bitcoin will not drop under 2k:
1) Miners already capitulated (difficulty -25% Nov/Dec)
2) Too close to the Halving (14 months)
3) BTC never dropped below geometric mean ($2750)
4) BTC never dropped below 50% of stock-to-flow model ($5500)
5) RSI bottomed at (42) now rising"
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