In today's special episode we talk about the possibility of Bitcoin going to 5000 from a technical analysis standpoint. I start off with the weekly chart, first looking at the correction, if it constitutes a core trend surpassing the 61.8% Fibonacci retracement. After that we look at the previous cycle of rallies & corrections, and how probable the 5000 range is. After that I go into the Weekly & Daily chart, showing you which pattern might be at play here right now, and if anyone calling for 10.000 or some other number has anything to do with technical analysis. I finish off with the live 4 Hour Chart, showing you that Bitcoin is trying to build a higher low right now. If you find my analysis helpful, please like & subscribe, I will be doing those daily from now on! ;) About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
