The last time bitcoin closed above the EMA Ribbon was after a double bottom + Higher High, which sent the king cryptocurrency parabolic from $8,000 to $64,000.
“$230,000 is the next touch of the dotted line which is a good indicator for a possible next top of BTC.
bitcoin initiated with the pattern since the beginning of the 2019 flip. The asset rebounded from the lows firmly at $3100 and surged high to hit $64,000 in 2021.
Further, the asset plunged and again smashed the current ATH close to $70K. In the due course, it formed a double bottom as it had formed before.
Therefore, if the BTC price follows a similar pattern then, no stronger sell area may be encountered before it smashed $200K somewhere close to the end of 2023 as predicted by the analyst.
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Show Notes / News Resources:
✔ bitcoin Technical Analysis: https://bit.ly/3DhKqrK
✔ What’s Sustaining Latest BTC Surge: https://bit.ly/387UXKJ
✔ Agressive bitcoin Breakout Prediction: https://bit.ly/3uBPYJE
✔ $230K bitcoin Prediction Next Top: https://bit.ly/381DwLH
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.