Hello traders, today I will tell you about the other side of the mirror, namely the prospect of a typical bear, because every good trader should see two sides and not run blindly, shouldn't they?
On March 1, 2020, there was an attempt to break the price above (below MA50 1 M chart) on the monthly chart.
On June 1, 2022, the price broke the MA50 1M chart again.
On the bullish side, it was a clear sign that the next stop was MA100. Therefore, you have to be reasonable, on the rotated monthly chart you can see exactly what we can expect, still a long way to the next increases, even if the price now rises to 37k which is not out of the question but unfortunately it will confirm that the price has to come full circle. At the beginning 16k, 13k, 10K? maybe, but we can even see the 4k direction, although it would be a bit extreme. Even if the price did not drop now, I would bet on a lateral stagnation even until the second half of 2023.
Everything can happen, but the Bitcoin cycle must complete now or later, but it must.
Best regards and good luck
On March 1, 2020, there was an attempt to break the price above (below MA50 1 M chart) on the monthly chart.
On June 1, 2022, the price broke the MA50 1M chart again.
On the bullish side, it was a clear sign that the next stop was MA100. Therefore, you have to be reasonable, on the rotated monthly chart you can see exactly what we can expect, still a long way to the next increases, even if the price now rises to 37k which is not out of the question but unfortunately it will confirm that the price has to come full circle. At the beginning 16k, 13k, 10K? maybe, but we can even see the 4k direction, although it would be a bit extreme. Even if the price did not drop now, I would bet on a lateral stagnation even until the second half of 2023.
Everything can happen, but the Bitcoin cycle must complete now or later, but it must.
Best regards and good luck
Comment:
the goal will be achieved ??
Comment:
Hello traders, this chart, as well as most of my long-term ones, is active all the time, if the price does not close above 30.5k dollars by the first of May 2023, the current chart takes control, so far it does not look good ;(be careful, it is hard to determine the direction right now ratios are 50/50
