BTCUSD
This post is a long-term view for BTC, follows 2 previous posts.
BTC comes to the upper Bollinger Bands (BB) after 17 months in a bear market, which is a super bullish sign for its future. This time Fractal recalls me a similar pattern on 2015, where BTC entered a super bull run from around $400 to near $20,000 for 2 years. This bull run may push BTC to around $200,000 to $300,000 till the end of 2020.
When looking at past performance, a pass-through mid-BB's line usually comes with a pullback right after that. In this time a pullback may take place when BTC reaches $15,000 area.
In overall I'm bullish for BTC in the long-term view.
