BTC/USD is it still possible to reach 68k?

13 Mar 2021

Hi every one
Bitcoin / U.S. Dollar

BTC/USD has finally reached 60K! you might be wondering what might happen to BTC after this point so let's get into it!
the first thing is that as we said before we expect that BTC reaches 68k at least and than start the correction movement. so now if we use the pitchfork on the chart we can see that the expected 68K is still a reliable target for BTC because the price has not touched the middle line of the pitchfork yet and also If the measured price movement is AB the projected price movement must be CD which is shown in the picture (AB=CD) and the target for the projected price movement is 68K as well, which is same as the Elliot wave principle 5th wave target!(check the pinned message for more details!)

so in summery BTC can reach 68k and than start the correction trend !

also please observe our multi time frame analysis for BTC which we will put it on the description below!


BTCUSD in Multiple time frame

Thank you for seeing idea .
Have a nice day and Good luck.


Previous analysis:
BTC/USD has some good bullish signs