https://ar.tradingview.com/chart/BTCUSD/x7xygP16/
Will the third peak price be $245,000 for Bitcoin???????????????
Bitcoin is the mother of digital currencies and has the largest market value, and the price of bitcoin is trading in a general upward trend, forming two historical peaks since trading began.
The first peak is at $20,000 and marked on the chart by the red rectangle price area. After the formation of this peak, the price of bitcoins traded in a downward wave, forming a descending price channel in black color towards recording a first bottom, from which the price rose, penetrating the top in a strong wave, recording new prices and historical peaks at the price of 70 thousand.
From the second historical peak, the price of bitcoins is trading in a downward direction, forming a second bottom that is higher than the first bottom, and this is evidence of the general bullish trend for bitcoin. Currently, the price forms a small sub-channel in black, which by breaching it upwards gives positivity and an upward impetus towards the second historical peak marked in green, which will be Fateful, either by bouncing back down from it as a resistance area, or by penetrating it upwards, which confirms the recording of a third historical peak and new prices.
There is a personal point of view from an arithmetic point of view, as we see that between the first peak and the second peak there is an arithmetic operation, which is: the price of the second peak / the price of the first peak = 70 / 20 = 3.5. It means that the price doubled 3.5 times between the first peak and the second peak. Here we ask the question, will the price of Bitcoin be breached by 3.5 times, which means 70 * 3.5 = 245 thousand???
Will the third peak price be $245,000 for Bitcoin??? A matter that calls for thinking well and making the decision to invest in it and to be convinced in Bitcoin or to turn away from it.
I would love to hear your opinions in the comments!!!
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See you in a new analysis.
Your brother Ahmed
