Yikes... $30,600 by December 21-23? Kind of unbelievable even as I was mapping this adjustment out, but ehh... we saw Tesla, NIO, etc. Heck, if (Nikola) can be a multi-billion dollar company and cause stock market mayhem without an actual product and a bunch of falsified ads.. anything is possible. So I am not going to think this is not either. It is 2020...
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Bitcoin Right Now: $23,844
I did some refinement and it looks like $25k may produce just a tiny pullback (but much less than one would think since it's quite a psychological number), but the new price target is a hair under $30,000 at $28,200.
Of course, the top wicks created by momentum can never be gauged so it's a good chance it could wick up that high, but $28,200 is where I'd be targeting to begin some distribution.
I did some refinement and it looks like $25k may produce just a tiny pullback (but much less than one would think since it's quite a psychological number), but the new price target is a hair under $30,000 at $28,200.
Of course, the top wicks created by momentum can never be gauged so it's a good chance it could wick up that high, but $28,200 is where I'd be targeting to begin some distribution.