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Bitcoin BTC Price

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Cryptocurrency analyst, Crypto Michaël tells his 43,000 followers on Twitter that several key Bitcoin (BTC) price metrics are looking solid after Friday’s big 42% rally.

Michaël says the current BTC price action is comparable to 2016 and his new Bitcoin price target is $17,000 to $20,000.

On Crypto Twitter he shared:

  • 100-Week MA test completed and held, similar to beginning 2016.
  • Back above 200-Day MA & EMA, important indicators.
  • Holding trendline as well.

“2016 period and now are still comparable in which targeting $17,000-20,000 prior to halving is realistic.”

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

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