BitcoinLong
BTC to $26000 towards the end of the year.
You can see the giant symmetrical triangle that broke upwards at the end.
Why is the encircled part excluded out of the triangle? Because it was a response to corona interruption. It doesn't fit into the chart pattern!
Apart from the corona interruption, the analysis is pretty straightforward - according the triangle, $26000 is to be expected in the mid-term. The buying power is there, lots of funds buying now and supply has halved in May.
investorplace.com/2020/02/3-great-funds-for-investors-interested-in-bitcoin/
cointelegraph.com/news/microstrategy-buying-bitcoin-shows-institutional-investors-seek-to-de-risk
Things should get pretty hot by december.
Why is the encircled part excluded out of the triangle? Because it was a response to corona interruption. It doesn't fit into the chart pattern!
Apart from the corona interruption, the analysis is pretty straightforward - according the triangle, $26000 is to be expected in the mid-term. The buying power is there, lots of funds buying now and supply has halved in May.
investorplace.com/2020/02/3-great-funds-for-investors-interested-in-bitcoin/
cointelegraph.com/news/microstrategy-buying-bitcoin-shows-institutional-investors-seek-to-de-risk
Things should get pretty hot by december.
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