Everyone thinks we're going up still. to me it seems pretty unlikely.
Pi-Cycle top is in.
We were already overbought on the weekly RSI a month ago
Granted we're a little early for the top but we're in the middle of the range (42 - 27 weeks) stage in the bitcoin halvening cycle now as previous tops.
We're also had a peak at 847d bar just like the previous top.
I think the bottom will be around 4th April 2022 somewhere around 20k which is our previous top which will be around the 200 MA on the weekly. It seems unlikely we'll go below that as we have never gone below a previous high market top in a cycle. If we do go below it might only be a wick to 14k.
Thoughts?
Pi-Cycle top is in.
We were already overbought on the weekly RSI a month ago
Granted we're a little early for the top but we're in the middle of the range (42 - 27 weeks) stage in the bitcoin halvening cycle now as previous tops.
We're also had a peak at 847d bar just like the previous top.
I think the bottom will be around 4th April 2022 somewhere around 20k which is our previous top which will be around the 200 MA on the weekly. It seems unlikely we'll go below that as we have never gone below a previous high market top in a cycle. If we do go below it might only be a wick to 14k.
Thoughts?