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What's next for Bitcoin Price – $56k or $16k? :: The Market Oracle ::


Bitcoin traders and enthusiasts are riding the wave after the incredible rally from $9,000 to $42,000 throughout Q4:2020.  It certainly was an incredible run – more than quadrupling in value in less than three months. Now we find ourselves in an early 2021 corrective phase which will end in either another Breakout/Rally attempt or an Excess Phase (Blow-off) Top.  This article highlights both potential outcomes because at this stage it is difficult to determine a single high-probability outcome.
Before I continue, I urge readers to review our
How To Spot The End Of An Excess Phase article from November 27, 2020. You can re-read it at www.thetechnicaltraders.com/how-to-spot-the-end-of-an-excess-phase-part-ii/. This is an excellent primer for the content of this current research article. ....

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What's Next for Bitcoin – $56k or $16k? – HoweStreet


January 21, 2021 | What’s Next for Bitcoin – $56k or $16k?
Chris Vermeulen
Chris Vermeulen has been involved in the markets since 1997 and is the founder of TheTechnicalTraders.com. He is an internationally recognized technical analyst, trader, and author of the book: Technical Trading Mastery. Chris has developed trading strategies that incorporate technical analysis, position-sizing, and risk management to boost performance while reducing portfolio risk.
Bitcoin traders and enthusiasts are riding the wave after the incredible rally from $9,000 to $42,000 throughout Q4:2020.  It certainly was an incredible run – more than quadrupling in value in less than three months. Now we find ourselves in an early 2021 corrective phase which will end in either another Breakout/Rally attempt or an Excess Phase (Blow-off) Top.  This article highlights both potential outcomes because at this stage it is difficult to determine a single high-probability outcome. ....

Hotlist Etfs , Chris Vermeulen , Excess Phase , Bitcoin Breakout Would Look , Fibonacci Price Extension , Fibonacci Extension , Fibonacci Price Theory , Bitcoin Breakdown Would Look , Excess Phase Top , Flag Breakdown , Best Asset Now Hotlist , கிறிஸ் வெர்மேஉளென் , அதிகப்படியான கட்டம் , பிட்காயின் பிரேக்அவுட் என்று பாருங்கள் , ஃபைபோனச்சி ப்ரைஸ் நீட்டிப்பு , ஃபைபோனச்சி நீட்டிப்பு , ஃபைபோனச்சி ப்ரைஸ் கோட்பாடு , பிட்காயின் முறிவு என்று பாருங்கள் , அதிகப்படியான கட்டம் மேல் , கொடி முறிவு ,