Australia's largest stock trading and investment forum Australia's #1 stock forum

BTC

Click for more information

0.00%

0.0000 bitcoin

Has broken out earlier than expected, $10.5k was major...

First 227 Last

Share
Profile

Follow
Douglas7

1,041 Posts.

3

05/08/20

20:47

Post #: 46331049
Share

Originally posted by Douglas7: ↑

Possible to break out of long term trend in the next month or so, I expect a retest of all time highs around end of the year.

Onchain fundamentals such as number of wallets, unmoved coins and hash rate currently at all time highs!

A further catalyst will be the inflationary effect of monetary stimulus when it hits the real economy.

Imho price will follow, usually takes 2-6 month after a halvening for a break out.

gltah D7

Expand

Has broken out earlier than expected, $10.5k was major resistance, expect above 20k usd around December 2020 and next all time high late 2021 at around 70k usd, possibly higher.

for reference:
was $9300 last post 22/7/20
currently around $11,300

Last edited by Douglas7: 05/08/20

Price at posting: 0.0001 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 952 more messages in this thread...

First 227 Last

Add BTC (FOREX) to my watchlist

SPONSORED BY