Are you keeping a close eye on your investments, but feeling a bit overwhelmed by the volatility of the market? Look no further than Extreme Investor Network for expert insights and analysis to help you navigate the complex world of investing.
In our latest blog post, we’re taking a deep dive into the current state of Bitcoin. Back in January, Bitcoin was trading near $45k, and there were talks of the SEC approving an ETF. Fast forward to today, and Bitcoin has hit our price target of $66.5k, showing its resilience and adherence to technicals.
As Bitcoin flirts with the $70k mark, we’re seeing the formation of four bullish patterns, signaling potential for further growth. From a falling wedge pattern with a target near $79,000 to cup & handle and inverse Head & Shoulders patterns with upside objectives of $78,000 and $86,400 respectively, the potential for growth is evident.
But it doesn’t stop there. We’re also eyeing a massive potential inverse Head & Shoulders pattern that could lead to even higher prices in the future. With Bitcoin’s strong correlation to the S&P 500, all investors should be paying close attention to its movements.
At Extreme Investor Network, we understand the importance of staying informed and making educated investment decisions. Our team of experts is here to provide you with valuable insights and analysis to help you make the most of your investments. Stay tuned for more updates and analysis on the ever-evolving world of investing. Visit our website today for a full disclaimer and to learn more about our terms and conditions.