Predicting Price Movements of Bitcoin and Altcoins as Year Ends


One should be prepared for a dramatic shift away from the boring recent price action of Bitcoin as the year comes to a close. Bitcoin has been consolidation and wavering between some historical price points for a few weeks and is ready to run. 

Watch for high volatility over the next month. But also watch how the price dances back and forth between Fibonacci extensions and retracements. For instance, I think a 61.8% run brings Bitcoin to around $95,000, and this is going to happen quickly as soon as the run starts. Falling by 23.6% from there to about $72,500 as people take some serious profits should follow. From there it will find a spot toward that $95,000 mark as it gets ready for an even bigger run early next year.

DOGE is going to be the first major coin to take off, even before Bitcoin. And it is going to be a glorious time immediately after that for holders of basically every altcoin worth mentioning. Bitcoin then runs after they do. But they will dump only after Bitcoin does. 

The next three weeks are going to be wild. Buckle up.

How do you rate this article?

32


Shane Wahl
Shane Wahl

I am a philosopher-teacher-writer by profession. Writing inside "the Academy" has serious limitations, however, and creating content across a variety of subjects has been fulfilling for me for almost 20 years. Crypto is my new passion.


Velocity Along the Fractal
Velocity Along the Fractal

This space-time occupation is the sincere expression of devotion to subjects I am passionate about. I am a Philosopher by, ahem, trade, specializing in existentialism and political theory. The idea is to draw out certain philosophical arguments for Crypto-world as it is accelerating in creative radical change.

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.