Quote from: jjdub7 on Today at 11:19:13 AM

Quote from: udayantha11 on March 15, 2021, 09:45:57 AM

I have researched and its my personal research. as per the conclusion . BTC will be 120K in this bull run. But if a government ban or somthing happended it may vary.

How about your thoughts?

Such a long-term rise in the price of Bitcoin has not happened since 2013. However, Bitcoin seems prepared for a downward momentum, according to many people.

Due to the weak basic technical characteristics, it would not be a surprise to see how the price of BTC again tested the low value from February 28 at 43,200 dollars to push some owners out of the market.

If BTC gains momentum instead, the short-term profit targets are fib extension levels of 1.618 and 2.618 of the current adjustment. These price targets are $ 67,000 and $ 81,500, respectively.

The key to closing the price of Bitcoin with its sixth consecutive positive month will be the level of support formed by the convergence of the 50-day moving average and the highest value since January 8 around $ 42,500.

It is a nice analysis first of all. The 67k-dollar target actually seems like not too hard for Bitcoin for now as it just reached a new ath three days ago ($61,683). I believe that we can see the price to reach the first target soon. But I think it may be quite hard for it to reach $81,500 in a few months at least.