Bold Claim: Bitcoin Put In a Short Term Bottom Today
Bitcoin is showing strong bullish divergence on the 4hr chart. I anticipate this to be a short term low for Bitcoin as it works it’s way down to under 13k. How high can it bounce? I am thinking a bounce to 22-23k at minimum.
Zack Morris's avatar
Why < $13k?
Preston | Investor Insight's avatar

Here is my original post with my reasoning for under 13k. My target is roughly 11k as every single correction on Bitcoin has resulted in an 80%+ retracement from highs.

Author

Related