Cryptocurrency
Bitcoin Chart Allegedly Linked to Citibank Projects Price at $120K
As reported at NewsBTC, “First shared by Alistair Milne, the image depicts BTC/USD in a long-term logarithmic uptrend. Bitcoin price could hit $120,000 in the coming years, according to a chart with alleged links to Citibank. The unverified image, first shared by Altana Digital Currency’s CIO Alistair Milne, depicts Bitcoin in a 2.5 years-long bull […]
As reported at NewsBTC, “First shared by Alistair Milne, the image depicts BTC/USD in a long-term logarithmic uptrend.
- Bitcoin price could hit $120,000 in the coming years, according to a chart with alleged links to Citibank.
- The unverified image, first shared by Altana Digital Currency’s CIO Alistair Milne, depicts Bitcoin in a 2.5 years-long bull run.
- It also highlights the cryptocurrency’s potential to breach above $19,500 by 2021.
“A Bitcoin chart with links to Citibank, a global banking giant, envisions the cryptocurrency at over $120,000.
“First shared by Alistair Milne, the chief investment officer at Altana Digital Currency – a Monaco-based crypto fund, the image depicts BTC/USD in a long-term logarithmic uptrend. It highlights the cryptocurrency’s major breakout moves from late-2011 and mid-2016 as fractals to predict its future price…
“…The chart adds that Bitcoin is at the cusp of repeating the same bullish move as it tests $10,500-10,820 as resistance. The cryptocurrency would first target $13,850, followed by an extended move towards $19,500 by 2021…”