Good day guy
L.M is back with our monthly forecast and today we take a look a BITCOIN the mother of crypto. We can it "'the mother of crypto'' not only because it was the first crypto ever but also cause without it leading the way the crypto market would be totally misled. In the beginning of November BTC hit a new ATH of $69025 and mid November it started its correction from +/-$69000 to +/-$42000 which is huge dip.
It headed straight to our critical support of $40933, this support is critical because if BTC continues to drop and we break below this support and retest to confirm incoming drop we could be entering the bear market by following the RED path arrow we could be looking at new ATLs instead of new ATHs and financially its not good for anyone because investors are still waiting on the final bull run up which is going to lead us into Altseason where we get to see altcoin go parabolic.
There it would be great for everyone if the market followed the BLUE path arrow with on more leg up where we might top at $130000 to $140000 per BTC but what we are looking at is a $90000-$100000 BTC in the PURPLE path arrow, when taking a close look at the market and with the necessary calculation +$90000 Bitcoin is possible and realistic.
L.M
L.M is back with our monthly forecast and today we take a look a BITCOIN the mother of crypto. We can it "'the mother of crypto'' not only because it was the first crypto ever but also cause without it leading the way the crypto market would be totally misled. In the beginning of November BTC hit a new ATH of $69025 and mid November it started its correction from +/-$69000 to +/-$42000 which is huge dip.
It headed straight to our critical support of $40933, this support is critical because if BTC continues to drop and we break below this support and retest to confirm incoming drop we could be entering the bear market by following the RED path arrow we could be looking at new ATLs instead of new ATHs and financially its not good for anyone because investors are still waiting on the final bull run up which is going to lead us into Altseason where we get to see altcoin go parabolic.
There it would be great for everyone if the market followed the BLUE path arrow with on more leg up where we might top at $130000 to $140000 per BTC but what we are looking at is a $90000-$100000 BTC in the PURPLE path arrow, when taking a close look at the market and with the necessary calculation +$90000 Bitcoin is possible and realistic.
L.M
