Bitcoin at $43K Today- Tomorrow the Moon?
We’ve seen Bitcoin drop to the low-$40’s over the past day or so and return to @ $43K today – should we expect to see a huge breakout soon? We’ve been hearing that we will see prices anywhere from $100K to now $250-350K in 2021
Bitcoin ‘heavy breakout’ fractal suggests BTC price can hit $250-$350K in 2021
“Bitcoin (BTC) has the potential to push its prices to between $250,000 and $350,000 by the end of 2021, a long-standing fractal suggests.
First spotted by pseudonymous analyst Bit Harington, the bullish setup drew its inspirations from Bitcoin’s secular bull runs every time after halvings when the miner block reward gets cut in half. Analysts perceive the halving as a bullish event, which reduced the supply of newly mined BTC.
Harington reminded that Bitcoin’s prices surged by more than 600% after the first two halving events in 2012 and 2016 when measured from a so-called resistance/support (R/S) line”
