A parabolic run is expected after the mid-cycle shakeout!
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This Bitcoin Cycle is expected to continue till Fall 2021. We are now in the mid-cycle-shakeout. MACD bullish cross is expected this summer. Possible bullish Momentum divergence is expected to be seen in the weekly charts.
The Bitcoin bull-cycle will end with a parabolic run toward 100K-300K probably this Fall 2021.
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Comment: 28K was reached to hit the stop-losses and then bounce back up. eyeing the V-shape recovery this summer.
@newbienxx,
If we enter the lengthening cycle!
Unless, I expect a top in btc price near end of this year and a 12 months bear market following the Euphoric top.
BetyMosley
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shakeout till 29k sir?
Lionman66
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@BetyMosley,
Calling the exact bottom is not easy!
But I believe it is gonna be final capitulation before the bull trend resumes.
Different scenarios:
1. Price may never go below 30K
2. 29K is possible to hit the stop-losses and then bounce back up
3. A harsher flash crash below 30K to 25K!
4. Going back to previous all time high (20K) and have a period of accumulation for the next bull run!
A lot of uncertainties in the market, but I believe the main gains are still yet to come after the pain is over.
Lionman66
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2. 29K is possible to hit the stop-losses and then bounce back up (highly possible)