Price target for Bitcoin in 2021
This here is my price target for Bitcoin in 2021, based on previous cycles, using Trend-based Fib extensions.
- Fib ext. cycle = starts at lowest point in previous correction -> ATH -> lowest in current correction.
Every time, we came close or at the 0.786 Extension. This time, the 0.786 is at ~$130,000.
RSI also playing an important role: each time, we had this "M" pattern at the 96 level on the monthly chart. I guess it won't be different this time.
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![btc2k21.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmVnztbegXBE5nC6bWSFsSdQLfNe1dTyotUbeQhfTWn32b/btc2k21.png)
![](https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmYdJxHtrns6waecoP7wLGCy9ToPPiygHWGq2jUmoBfnGk/mywolf.gif)
Thanks for reading and safe trading!✌
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