By traditional TA standards, a right angle triangle interpretation would give us a -$8000 Bitcoin target.
If Bitcoin accomplished this, that would be more revolutionary than Satoshi.
Instead, I favor a more organic forecast. Look at the highs as the main driver. The support should stay over $5000 because the biggest players got their A tier clients to invest in their index funds at $6500. Coinbase is one.
A conversation where coinbase appologizes for a 50% markdown on their institutional custody product is unlikely to happen.
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We’re looking for ath by March.
And alts should rapidly do 10x, 2 to 3 times for a total of …