Currently we are below the both the 21 week EMA support and 20 week SMA support as well. Many are calling for the bear cycle to start . However, pulling the chart pattern of 2013, in this bull cycle we had 2 tops and had a similar dip like the one we had on May 19 ,2021 in the middle of 2013 bull cycle as well. So hopefully all the news is just FUD and we go onto follow the 2013 bull cycle which signals $250k price target. This price target is also confluenced by the S2F model which has a price target of $288k price target this bull run.
This is not financial advice. La Hasta
This is not financial advice. La Hasta