BTC: Inevitable Price?
A quick look at the BTC weekly chart says a lot. With the benefit of using Fibonacci Retracement, we expect BTC to hit $69k and eventually $75k. Along the way, BTC will have a price point of $66k and might stay for a short period before moving on to $69k. Although, the charts show that there should be no pause between $62k and $69k. What happens next is paramount. Should BTC move beyond $70k, there is no reason not to expect $75k.
At this price point, the excitement should begin. Many will not be able to contain themselves. We must not forget BTC's market cycle as BTC hits its key levels. A need to watch indicators such as the Pi Cycle Top, the 200-Week MA Heatmap, and the 2-Year MA Multiplier, to mention a few, becomes compulsory. So, when will BTC hit the $75k mark? One thing, people, your guess is as good as mine.
