Post
Topic
Board Speculation
Re: Bitcoin on its way to $100000?!
by
Sled
on 05/02/2022, 23:49:00 UTC
Hey guys, will Bitcoin go to $100k?
On my opinion yes.
I was looking at my indicator on monthly basis. Every time bitcoim holds the red line, it raises to new ATH.
https://de.tradingview.com/x/BYAvkZC8
We can just compare the past in today's situation and make it a basis to what possibly happens in the coming days, weeks, months, or years. The market eventually changes from time to time and that was difficult to predict what gonna happen.

Quote
Based on this, it can go to around $100k
https://de.tradingview.com/x/QVb7RifK
On the other hand, if BTC close under this red line it will go lower.

What do you think?
That never works in reality. We have to remember the volatility of the market and no one had ever seen which direction the market goes. I don't weigh that much but you can still make use of it for the analysis however, never expect that it will happen.