📈 Bitcoin Breaking Out

This is my target price for Bitcoin.

Bitcoin Explosive Move

Yesterday we saw a clear breakout in Bitcoin. We are above key resistance and look like we are ready to move higher.

Why is it breaking out? Because investors look at Bitcoin as an inflationary hedge. With the election coming up in exactly one week, economists have said that the economic plans for both candidates would lead to inflation.

My goal is not to discuss the election. However you can clearly see that investors are positioning themselves for an inflationary move coming, evidenced by both Bitcoin and the buying in commodities such as gold, silver, copper, etc.

Bitcoing Price Target

Looking at the chart, you can see below that we just broke out of a DTL dating back to March.

For now, our price target is returning to all-time highs, giving us roughly $4000 of move left to make.

From there, I do believe that we can break that level and push higher.

I share more details about how to enter Bitcoin trades and why it is moving here: