R.ACEACEACE #BITCOIN #BTCUSD #XBTUSD ROAD TO $60,000 - $47K NEXT

This coming week, I believe bulls will be determined to see $47,000 and then $50,000.

I believe the bigger picture is setting up for a move toward $60,000.

The average trader is getting chopped up on the lower timeframes and busy chasing small moves.

People are also living in fear right now, which I believe will likely make them miss out on the gains there are to be made.

I believe the choppy price action will persist until at least $60,000.

$47,000 is a resistance and would likely dip the price down. $50,000 would likely produce a significant retrace, unless bulls come thru with excessive force.

I do not believe the movement will stop at $50,000. If $50,000 I see bulls taking their battle to $60,000.

I do believe Bitcoin reaches over $100,000 this year.

For now, good support is at $28,800-$28,100. Stops above $28,900 will likely be hunted.

Please do your own analysis, responsibly manage your risk, and stay safe.

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הערה:

Please see my latest BTC update

הערה:

Bitcoin looks set for $50,000 from here