$100K Price Target / Log Chart for BTC
Bitcoin goes through multi-year bullish cycles on the logarithmic chart before returning to its long-term support.
According to the chart, we can assume Bitcoin will reach 100K by late 2023 if the trendline continues.
It also appears that there is a bullish divergence, with price continuing to trend upwards while the MACD seems to be printing a new bottom and beginning to curl up again. This typically signals that a huge upwards move in price and momentum is expected.
NFA, just my opinion.
According to the chart, we can assume Bitcoin will reach 100K by late 2023 if the trendline continues.
It also appears that there is a bullish divergence, with price continuing to trend upwards while the MACD seems to be printing a new bottom and beginning to curl up again. This typically signals that a huge upwards move in price and momentum is expected.
NFA, just my opinion.
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