It's time to review short-term and long-term Bitcoin (BITCOMP) charts. Can Bitcoin really fly to as high as $200,000?
With factors like inflation, Bitcoin halving its fundamentals, and world-wide money printing, well, there's a lot to discuss. There's much to watch for, and the Bitcoin pump for this halving cycle may be very near. If we are about to have a 300%-or-so rally in Bitcoin, where could it go?
The Bitcoin short-term cycle (red) seems to look good until February to April of 2022.
The new Bitcoin ETF shows massive short interest with futures, as everyone has loaded up on it.
The Bitcoin short-term channel says $100,000 to $500,000 may be a possible range.
The Bitcoin long-term channel lists a similar range.
The Bitcoin chart with a halved time frame illustrates a familiar range as well.
And this chart seems to say to watch for a range of $135,000 and $265,000 between now and May 2022.
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