100 likes | 100 Views
BITCOIN REACHING $100K Soon! Bitcoin is ready to move higher in the next few weeks.
E N D
BITCOIN REACHING $100K Soon! Bitcoin is ready to move higher in the next few weeks. After reaching the low of $43,000 on 28th Feb BTC jumped right off the support and currently trading around $54000. That’s almost 25% growth in 2 weeks. Many analysts are predicting different prices at the moment. The coinmomo Analyst Team is expecting the price to hit $100k till the month of Aug this year. This is decent and reasonable target as compared to other analysts.
Let’s have a look into some fractals. In Nov 2016 when BTC broke out of the resistance the price of BTC was trading around $700 it was then we saw a huge rally upto $19850. This time that breakout point was $10.5k we already pushed 6x till this date and according to the fractals it is highly that the price will hit $100k mar sooner than August.
Short term Prediction: In the short term you can see an inverse Head and Shoulder pattern in the chart. The breakout already happened and what we need is a clean retest to pump all the way to 60k to reach the Once we break above the60k level the next level will be around 72k followed by some retracement and possibly heading towards the 100k level in the next few weeks. Do share this blog if you find it useful!
For more update , visit us https://www.coinmomo.com/article/bitcoin-is-ready-for-100k