Bitcoin forecast 2021

The economic crisis caused by the covid-19 pandemic sent Bitcoin to the $40,000 mark. Institutions in searchsafe haven, began to invest money inBitcoin, which led to its growth. Obviously, this year the crisis will not go away, and it is too early to withdraw money from cryptocurrencies. This means that Bitcoin will grow all year.

Many media outlets give a forecast for Bitcoin in whichthey are talking about growth to $150,000. There is strong resistance at $100,000 along this long path. Historically, Bitcoin sees round numbers. In 2017, the price turned around from $20,000, recently a corrective turn occurred from $40,000, and continuing the geometric progression, we can draw a level of $80,000. But no, I think this time Bitcoin will reverse from $100,000. I tried to plot Fibo levels on the chart, they gave some non-round values, and there is no confidence that they will work. The market sees a price of $100,000, and just short of reaching it, market participants will begin to take profits.

I note that Bitcoin will most likely, according to the logic of the market, pass the level of $50,000 almost without stopping. It seems to me that if we have adjusted from $40,000, then there will be no stopping at $50,000.

Of course, bitcoin will not grow as fastboth in the thin market during the recent Catholic Christmas and New Years. He will crawl to the $ 100,000 mark throughout 2021. Why will Bitcoin peak at 100k and not 150k? Yes, because 100k is already a very high price for bitcoin, and a very round level. Taking profit by the players near it will cause a chain reaction, and Bitcoin will collapse much faster than it grew. For the same reason, Bitcoin will be pulled up exactly to 100k, and not to 50k or 80k.

What conclusions can be drawn from all this?It is most likely that throughout the year, Bitcoin will be purchased on dips, and we should do this too. Of course, as it grows, there will be local corrections - this is a good opportunity to buy additional bitcoins. I use signals from Stormgain for this, and act on buy signals.

And when approaching the 100k level, it will be useful not only to take profits on longs, but also to open shorts with leverage.
This is my forecast. What do you think about Bitcoin?