BTC, will history repeat? $160k is the global target!

BTC, will history repeat? $160k is the global target!

Bitcoin / U.S. dollar BITSTAMP:BTCUSD



Bitcoin is now trying to break the rising wedge . What does history show?

In 2019, Bitcoin broke the same rising wedge , followed by a 260% rise. Despite being a bearish pattern , Bitcoin reached $14,000.

If you use this fractal for 2022, the target for this movement is around $160,000.

Do you think this global target is realistic? Let’s discuss it in the comments!

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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade