Hi traders, as you can see BTC is still falling when you look at the weekly timeframe.
I personally think that BTC has reached its highest point for now.
When you look at the purple areas, the same movements seem to happen over and over again,
My expectation is that it will reach 3500 and maybe even lower if there is panic.
If you look at the run of 2017 you can see that we also went down for a long time and then BTC went sideways.
If history repeats, it means we first go sideways after the BTC halving.
This is not for financial advice but for education!
If you think its helpful leave us a comment or like!
Have a great day everyone!
I personally think that BTC has reached its highest point for now.
When you look at the purple areas, the same movements seem to happen over and over again,
My expectation is that it will reach 3500 and maybe even lower if there is panic.
If you look at the run of 2017 you can see that we also went down for a long time and then BTC went sideways.
If history repeats, it means we first go sideways after the BTC halving.
This is not for financial advice but for education!
If you think its helpful leave us a comment or like!
Have a great day everyone!
Comment:
