BTC Outlook
If 30k holds, BTC will seek out 50k, with a 125k target in mind.
If 30k fails, 20k is the floor that needs to be tested.
BTC has maintained a constant uptrend since its inception. Long-term prospects for next target (125k) are still good as long as BTC remains above 12k. Anything lower will indicate changing trend and should flush out many hands.
Concerns over Bitcoin's energy consumption are valid and tangible threat to BTC's growth. In the world of tech, being first to market does not guarantee long-term success. Bitcoin was able to experience explosive growth due to their single-hand dominance in the crypto-currency market. Now that there are hundreds of competitors who are multitudes of times more efficient than BTC, we can come to agree that "past performance is not indicative of future performance."
Note: Logarithmic scale used
If 30k fails, 20k is the floor that needs to be tested.
BTC has maintained a constant uptrend since its inception. Long-term prospects for next target (125k) are still good as long as BTC remains above 12k. Anything lower will indicate changing trend and should flush out many hands.
Concerns over Bitcoin's energy consumption are valid and tangible threat to BTC's growth. In the world of tech, being first to market does not guarantee long-term success. Bitcoin was able to experience explosive growth due to their single-hand dominance in the crypto-currency market. Now that there are hundreds of competitors who are multitudes of times more efficient than BTC, we can come to agree that "past performance is not indicative of future performance."
Note: Logarithmic scale used
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Having success in your trading journey? We'd love to hear about it in our growing community. I love making new tools and innovating for retail traders that hope to achieve financial freedom. Check us out at DripTrade.com
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.