How BITCOIN Can Reach A New All-Time-High By 2021!

2020年11月5日

Hello Traders Investors And Community,

Welcome to this analysis where we are looking at Bitcoins 4-hour timeframe perspective, the recent events, the current formational structure, what we can expect the next times and how to possibly handle the situation appropriately. Bitcoin recently has shown up with historical high volatility and moving above a significant level never reached since back in June 2019, this was a major move for Bitcoin to acquire a strong bullish pace in the range and lie ground for the continued bullish price-action, also it is matching with the halving-cycle which is now about to emerge, when Bitcoin holds the pace and manages to establish further bullishness ahead this can possibly lead to a new all-time-high just in 2021, till then Bitcoin has to show some very important price-actions ahead that the all-time-high manages to show up by 2021.

As you can watch in my chart Bitcoin just made a strong bullish move above the established June 2019 high-condition, this was the decisive price-action here because it confirmed the further bullishness, now the next times we can expect Bitcoin to confirm this level and when this happens successfully the next up moves are not far away which will happen when Bitcoin increases with bullishness from this level, when Bitcoin then manages to move above the upper boundary of the ascending-channel-formation there comes the significant price-action into play as it will decide if Bitcoin manages to form the all-time-high by 2021. When Bitcoin consolidates and gains strength above the upper-boundary this can be the strong setup to finally breakout above the all-time-high condition and form the new one within the territory.

When Bitcoin manages to form the all-time-high by 2021 it will be a huge paradigm-shift as this can just lie ground for further bullishness ahead, in this case, it is really important that Bitcoin holds above this level sustainably and do not falls below it because this can possibly invalidate a protracted bullishness. For now we need to watch how Bitcoin holds above the june 2019 high-condition and confirms it properly to not fall below this level again, compared to other major cryptocurrencies like Ethereum or XRPUSD Bitcoin is one of the strongest ones as it is more nearer to the established all-time-highs while other cryptocurrencies are still mingling within bottom-formations and have a long way to go, this fact can also play into a possible bullish bitcoin-season to establish when the strength increases further.

In this manner, thank you, everybody, for watching, have a good day as well as good trading, all the best!
“There are many roads to prosperity, but one must be taken.”

Information provided is only educational and should not be used to take action in the market.