Considering the next big upside target for bitcoin | FX Research
When considering trends, it's important to understand that markets tend to move in measured steps.
Looking at the Bitcoin chart, the $69,000 high reached in 2021, followed by the low in 2022, represented a move of $53,540.
Now that Bitcoin has broken out to a new record high in 2024, we project a measured move extension of the same size—$53,540—which points to an upside target now of $122,540.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
Looking at the Bitcoin chart, the $69,000 high reached in 2021, followed by the low in 2022, represented a move of $53,540.
Now that Bitcoin has broken out to a new record high in 2024, we project a measured move extension of the same size—$53,540—which points to an upside target now of $122,540.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
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Stock Market Newsletter:
blackbullresearch.substack.com/
Economic Calendar:
blackbull.com/en/economic-calendar/?utm_source=tradingview
Free TradingView Premium:
blackbull.com/en/platforms/tradingview/?utm_source=tradingview
blackbullresearch.substack.com/
Economic Calendar:
blackbull.com/en/economic-calendar/?utm_source=tradingview
Free TradingView Premium:
blackbull.com/en/platforms/tradingview/?utm_source=tradingview
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.