Cousin_Fat_Fat

When will Bitcoin Bottom?

INDEX:BTCUSD   Bitcoin
BTCUSD

A very simple chart that I will be paying attention to over the next few months.

The last 4 BTC bottoms all tapped or briefly crossed under the 200 week simple moving average.

For this cycle, we can assume that the bottom has not yet been reached.

With rates rising and liquidity falling, I am expecting BTC to tap the 200 week moving average sometime this summer.

I plotted a potential target with a pitchfork and projected 200w MA, I'm expecting the bottom to be in the 20k - 25k range.



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