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We believe Bitcoin can reach our bullish scenario target of $178k by December 2021 or a bit later, in case this BTC cycle extends into 2022.
This will require minimal on-chain selling pressure, especially as Bitcoin price pushes above $100k. As long as the long-term holders continue to hold, even with BTC at $100k, we can easily expect prices to move higher.
Our technical targets to the upside found high levels of confluence around $178k to $190k. This also matches various other technical-based models, making this an area of interest for the 2021’s bull market top.
In other trending Bitcoin News today: PayPal launches crypto services for UK customers!
Beginning this week, residents of the United Kingdom will be able to buy, hold and sell cryptocurrencies through PayPal for the first time — marking a significant milestone for a company that began offering digital asset services less than a year ago.
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/386bhIB
✔ 5 Things to Watch in BTC This Week: https://bit.ly/3zaqnZq
✔ Paypal Launches Crypto Services in UK: https://bit.ly/3zcw0Xc
✔ Bitcoin $178K Bull Case Prediction: https://bit.ly/3D8x54x
🔴 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.
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