BTC to 20k, back down to 14k 20WMA

19 nov 2020

Using the fib retracement, the 1.618 is the nearest support sitting at 13.3k for a nice retracement, however, with the market sentiment and institutional investors buying up for the next decade, 13.3k is not likely. Look at my chart for my 6 month prediction for price. In the last 2 bull runs, price touched all time high, formed a cup and handle and retraced to the 20WMA before breaking the ATH again. 13-14k should be next entry position for the long haul.