first im not experienced TA in trading but just looked from a technical mechanical curve theory
Briefly i see that Bitcoin Never reached 20k in real and the right value nowadays about 10k-11k
I Assumed that the area in red box is just a resonance period kindly google it (resonance curve) which caused buy a forcing pump to 20k USD
let us assumed bitcoin just reached 5-6 k USD in 2017 smoothly and was correcting last two month uptrend and downtrend from 5 -6 - 7 - 9- then 6 then 7 - 8 - 9 -10 - 11 and now correcting to 8-7
last two months was just a period for btc to return to stability after that resonance so i think the curve in white and trend or channel in red is the stable and more real shape
from now lets do the following and fly 1: cancel the red box area (RED BOX RESONANCE area) 2: follow the chart as it hasnt reach 20k usd before 3: the actual price nowadays is about 10-11K and is correcting for it and will down to 7k and come back to pass 11k and reach 12-13 ten corect....etc 4: targeting about 20k this coming is it more logic
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As i expected the BTC Ignoring till now many dumps i expected the following targets 9250 9050 9250 10200 11300 12900 13450 13000 14575 then down again till 10200
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i think after today closed price the BTC is going for two options 1: break 8400 and comeback from 7400 untill 14000 then down to 9050 16500 10800 19000 2: penetrate 9200 to 10200 and bull to 10400 directly then down to 9050 16500 10800 19000
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wowwwwwwwww alsmost matching the imaginary white curve prediction going to 14k USDT then will correct to 9050 - 8800