Hello Speculators,
Have you seen this?
Bitcoin is roughly 100 days out from reaching a strong support range from $15,000 - $20,000. It is very very likely that Bitcoins bearish cycle will end when it meets this price level.
If you take a look at the chart I constructed, you will see various date ranges on the chart. As you can see from past price action, Bitcoins last two bearish cycles lasted roughly 480 days. If we take that into consideration the current bearish cycle that Bitcoin is in should end in September or October of this year. I believe bitcoin is a GREAT buy within the $15,000 - $20,000 price range.
Where is price heading?
As you can see on the chart, You'll also notice that bitcoins bullish cycles are much shorter and much more explosive. These bullish cycles last roughly 120 days. With that being said, a target of $50,000 should be reached in late January or early February of 2023. At $50,000 price will either blow through it and in that case the target will be previous highs at or around $70,000. If price fails to break the $50,000 price point, further consolidation is expected.
The Game Plan:
Now, I am not a financial advisor so please trade/invest at your own risk. This is just my 2 cents.
In roughly 100 days from now, I believe that Bitcoin is giving us a "Once in a Lifetime" buying opportunity. If we can time the entry right and enter within the $15,000 - $20,000 price range, a very substantial gain could be realized.
Target 1: $50,000
Target 2: $70,000
If you have any questions for me or have a different perspective please let me know in the comments.
Just remember, You are one trade away.
- We The Traders
Have you seen this?
Bitcoin is roughly 100 days out from reaching a strong support range from $15,000 - $20,000. It is very very likely that Bitcoins bearish cycle will end when it meets this price level.
If you take a look at the chart I constructed, you will see various date ranges on the chart. As you can see from past price action, Bitcoins last two bearish cycles lasted roughly 480 days. If we take that into consideration the current bearish cycle that Bitcoin is in should end in September or October of this year. I believe bitcoin is a GREAT buy within the $15,000 - $20,000 price range.
Where is price heading?
As you can see on the chart, You'll also notice that bitcoins bullish cycles are much shorter and much more explosive. These bullish cycles last roughly 120 days. With that being said, a target of $50,000 should be reached in late January or early February of 2023. At $50,000 price will either blow through it and in that case the target will be previous highs at or around $70,000. If price fails to break the $50,000 price point, further consolidation is expected.
The Game Plan:
Now, I am not a financial advisor so please trade/invest at your own risk. This is just my 2 cents.
In roughly 100 days from now, I believe that Bitcoin is giving us a "Once in a Lifetime" buying opportunity. If we can time the entry right and enter within the $15,000 - $20,000 price range, a very substantial gain could be realized.
Target 1: $50,000
Target 2: $70,000
If you have any questions for me or have a different perspective please let me know in the comments.
Just remember, You are one trade away.
- We The Traders
Comment:
We are in the zone.