If there is a consolidation here expect
48K
Pre-Halving sell off, If no sell of now, then the 1.618 is the target and possibly seeing a distribution event at that point, and possibly 32% retrace back to the 68k area. from there the next stop will be the 2.618 fib which is the at $154k yielding 123% gains from 68k. a possible sell off expected... let's see how close the money face is, which is the convergence of two trend lines that are from previous low to high events. overall, the 4.236 is expected for the session highs of this halving cycle around 240k, although this would be the lower estimate as historical cycles have far exceeded the 4.236, yet the last cycle is exactly where the top was put in and we may see more traditional fibs being respected now that big money is playing the game. BTC topped out at 1T in 2021, and may top out at 10T next, estimating a Price in the high 600ks if that happens. this chart is only intended to predict the future supports and resistances for swing trading through the next 1-2 years.
48K
Pre-Halving sell off, If no sell of now, then the 1.618 is the target and possibly seeing a distribution event at that point, and possibly 32% retrace back to the 68k area. from there the next stop will be the 2.618 fib which is the at $154k yielding 123% gains from 68k. a possible sell off expected... let's see how close the money face is, which is the convergence of two trend lines that are from previous low to high events. overall, the 4.236 is expected for the session highs of this halving cycle around 240k, although this would be the lower estimate as historical cycles have far exceeded the 4.236, yet the last cycle is exactly where the top was put in and we may see more traditional fibs being respected now that big money is playing the game. BTC topped out at 1T in 2021, and may top out at 10T next, estimating a Price in the high 600ks if that happens. this chart is only intended to predict the future supports and resistances for swing trading through the next 1-2 years.