BitcoinLong
#BTC/USD NEXT TARGET $135K but $69k Imminent!
Zaktualizowano
When Bitcoin broke below $60,854, everyone started calling for $48,000. At that time, I posted an update titled "Bitcoin is Fine, Don’t Panic!" on October 3rd, explaining that the drop was just filling the Fair Value Gap (FVG) and Bitcoin was heading toward $95,000. You can check the update here: https://www.tradingview.com/chart/BTCUSD/ugm4zGCQ-BITCOIN-is-fine-Don-t-panic/
Again, on November 6th, when Bitcoin was trading at $70,504.60, I predicted a target of $95,000 after the U.S. elections. I even mentioned that the move would be quick, assuming Trump won the election. While I got trolled for this prediction, the update was based on a thorough analysis of market reactions during the last three U.S. elections. You can check that update here: https://www.tradingview.com/chart/BTCUSD/PdxXrVnX-Market-Reactions-in-Last-3-U-S-Elections-and-BTC-Target-95k/
I honestly don’t understand what’s wrong with some people. The more they troll, the more conviction I gain in my charts. These aren’t random guesses—they are calculated speculations based on charts, events, market psychology, and fractals. Ironically, many of those who mocked me in the comments ended up buying Bitcoin at much higher prices.
This is not how crypto works. You need to keep things simple. That’s the biggest lesson I’ve learned in my 8-year journey in this space.
To keep it simple, Bitcoin’s current setup is not bearish. While some are calling for corrections, the technical indicators suggest otherwise.
1. Stochastic RSI:
The Stochastic RSI, a reliable indicator for timing local tops and bottoms with around 80% accuracy, is currently at 73. Historically, Bitcoin's local tops occur when the Stochastic RSI reaches 87 to 93. This indicates there is still room for upside before the market becomes overbought.
2. 21-Week Moving Average (MA):
Bitcoin is currently trading above the 21-week MA, which has historically acted as strong support in previous bull markets. This further supports the bullish trend.
3. Price Action:
Bitcoin will likely target $100,000 soon, potentially moving slightly higher. After this milestone, it may revisit $69,000, the previous all-time high, as a retest before moving toward $135,000.
Conclusion:
Combining a non-overbought Stochastic RSI and support from the 21-week MA suggests Bitcoin still has significant upside potential. During any pullbacks, keep an eye on $69,000 as key support and possibly the last opportunity to buy BTC and Alcoins.
Let me know what you think in the comment section and please hit that like button.
Thank you.
Again, on November 6th, when Bitcoin was trading at $70,504.60, I predicted a target of $95,000 after the U.S. elections. I even mentioned that the move would be quick, assuming Trump won the election. While I got trolled for this prediction, the update was based on a thorough analysis of market reactions during the last three U.S. elections. You can check that update here: https://www.tradingview.com/chart/BTCUSD/PdxXrVnX-Market-Reactions-in-Last-3-U-S-Elections-and-BTC-Target-95k/
I honestly don’t understand what’s wrong with some people. The more they troll, the more conviction I gain in my charts. These aren’t random guesses—they are calculated speculations based on charts, events, market psychology, and fractals. Ironically, many of those who mocked me in the comments ended up buying Bitcoin at much higher prices.
This is not how crypto works. You need to keep things simple. That’s the biggest lesson I’ve learned in my 8-year journey in this space.
To keep it simple, Bitcoin’s current setup is not bearish. While some are calling for corrections, the technical indicators suggest otherwise.
1. Stochastic RSI:
The Stochastic RSI, a reliable indicator for timing local tops and bottoms with around 80% accuracy, is currently at 73. Historically, Bitcoin's local tops occur when the Stochastic RSI reaches 87 to 93. This indicates there is still room for upside before the market becomes overbought.
2. 21-Week Moving Average (MA):
Bitcoin is currently trading above the 21-week MA, which has historically acted as strong support in previous bull markets. This further supports the bullish trend.
3. Price Action:
Bitcoin will likely target $100,000 soon, potentially moving slightly higher. After this milestone, it may revisit $69,000, the previous all-time high, as a retest before moving toward $135,000.
Conclusion:
Combining a non-overbought Stochastic RSI and support from the 21-week MA suggests Bitcoin still has significant upside potential. During any pullbacks, keep an eye on $69,000 as key support and possibly the last opportunity to buy BTC and Alcoins.
Let me know what you think in the comment section and please hit that like button.
Thank you.
Zlecenie aktywne
This is the weekly chart posted on October 3rd, You see that?
Transakcja zamknięta: osiągnięto wyznaczony cel
Bitcoin is looking strong, holding support with healthy consolidation. As long as 85k remains intact, the next target is 100k.
Disclaimer: Do your own research (DYOR). This is not financial advice (NFA).
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Uwaga
BTC/USDT looks great in Daily.
Daily Signals:- telegram.me/thecryptorphic
Coincatch:- bit.ly/15000USDTBonus
BLOFIN - bit.ly/Cryptorphic
MEXC : bit.ly/get9100usdt
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Coincatch:- bit.ly/15000USDTBonus
BLOFIN - bit.ly/Cryptorphic
MEXC : bit.ly/get9100usdt
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
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