Saturday 7 November 2020

Bitcoin hits upside targets - what happens now

Bitcoin hits upside targets... what happens now? For the past several months we have maintained a bullish perspective on bitcoin. In June we called for a move higher to 12K, to be followed by a drop back down to the 10K and sub-10K levels. So far so good. The recent October rally has also hit some of our upside targets. However, unfortunately some of our analysis suffered in the past few weeks due to a breakdown in correlations. We explain what the charts could be saying now. Video by Alessio Rastani.