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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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News Resources From Today’s Show:
$BTC #BITCOIN✅ 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. pic.twitter.com/TPrQwJFxBX
— Crypto Michaël (@CryptoMichNL) October 26, 2019
New video, How and Why Bitcoin price had a blast off this week
Plus the $100 $BTC winner for this week
Would love to have you subscribe and leave a comment
Cheers!https://t.co/bRNDFq0LJ5
— Josh Rager 📈 (@Josh_Rager) October 26, 2019
Interest in Bitcoin in China has barely edged up. Chart shows Baidu searches for Bitcoin (blue) vs Blockchain (red). Looks very conclusive to me, particularly so given the price spike. pic.twitter.com/UGwU5416jO
— Alex Krüger (@krugermacro) October 26, 2019