Looking for the next Bitcoin wave to take the market to around 75,000. After consolidation between 75,000-45,000 for 6-10 weeks, I see the market going parabolic for 2-3 months while corporations FOMO in.
Ultimately I see the market topping out around 300,000 in October 2021. I think corporations who bought in around 40,000 levels will sell some Bitcoin leading to an exodus of sorts. There may even be some Government FUD thrown in there.
My timeline might be off a bit but those are the levels I am looking at.
If past cycles repeat, I see a bottom around 50,000 in late 2022 and the market takes a breather for a year or so.
Many people think cycles aren't going to repeat themselves. I believe cycles will repeat until last round of FOMO takes place by central banks and nations taking Bitcoin to 1,000,000+ per coin in 2024-2025 when dollar index bottoms.
Possibility of quantum computing scare could upend Bitcoin unexpectedly. I personally think, if a quantum computer is so smart, it would quietly scoop up Bitcoin to enrich itself. Maybe this is thinking too far ahead but ideas in the future are ever evolving.
support - 46,000/40,000-42,000/28,000-30,000/20,000/16,000/12,000
resistance - 50,000/72,000/185,000/235,000/300,000
Ultimately I see the market topping out around 300,000 in October 2021. I think corporations who bought in around 40,000 levels will sell some Bitcoin leading to an exodus of sorts. There may even be some Government FUD thrown in there.
My timeline might be off a bit but those are the levels I am looking at.
If past cycles repeat, I see a bottom around 50,000 in late 2022 and the market takes a breather for a year or so.
Many people think cycles aren't going to repeat themselves. I believe cycles will repeat until last round of FOMO takes place by central banks and nations taking Bitcoin to 1,000,000+ per coin in 2024-2025 when dollar index bottoms.
Possibility of quantum computing scare could upend Bitcoin unexpectedly. I personally think, if a quantum computer is so smart, it would quietly scoop up Bitcoin to enrich itself. Maybe this is thinking too far ahead but ideas in the future are ever evolving.
support - 46,000/40,000-42,000/28,000-30,000/20,000/16,000/12,000
resistance - 50,000/72,000/185,000/235,000/300,000