Review
In our April 27, 2018 posting, we said:
“Bitcoin could achieve a $37,000-$52,000 level before a meaningful downside is experienced.”
In our January 7, 2021 posting, we said:
“As of January 7, 2021, Bitcoin has achieved a price of $39,000. It is at times like these that Bitcoin speculators should consider preserving as least some of their gains. Below are the upside and downside targets.”
Downside Targets
Below are the downside targets based on the work of Edson Gould:
The downside targets are:
- $26,138.60 (conservative target)
- $23,653.21 (mid range target)
- $21,167.82 (extreme target)
- $13,883.91 (blind speculation target)