Clear Floor for BitCoin, slow uptrend for BitCoin once a bottom
It looks like there is a HUGE wedge forming for bitCoin.
Absolute bottom looks to be around 4300 or so.
Currently BitCoin trading at 8100. However, I am expecting it to drop to 7K, maybe 5.6K at worse, and 4.3K at the absolute worst.
Either way, I plan to slowly average in as it drops putting in as little as $40 a month noting that my investment may get cut in half from here. When it's clear the bottom has formed, invest more.
I'm expecting it to break to the upside, however, looks like 2 years out (2021), and it won't really break 20K. Long term highs looks to be 15K in 2021 or so.
Absolute bottom looks to be around 4300 or so.
Currently BitCoin trading at 8100. However, I am expecting it to drop to 7K, maybe 5.6K at worse, and 4.3K at the absolute worst.
Either way, I plan to slowly average in as it drops putting in as little as $40 a month noting that my investment may get cut in half from here. When it's clear the bottom has formed, invest more.
I'm expecting it to break to the upside, however, looks like 2 years out (2021), and it won't really break 20K. Long term highs looks to be 15K in 2021 or so.
