Many have plotted similar log charts but I think this is the most accurate representation. I believe the middle trendline is important and we have already had the retest below so I lean towards the next large 40% pullback coming from much higher up.
My Initial price range estimates are between $200-$280K but my lowest conservative estimates are $150-$200K, just simply based on the info in this chart and the current macro environment, assuming nothing major changes.
Date range of May to October, more likely June to October &
My Initial price range estimates are between $200-$280K but my lowest conservative estimates are $150-$200K, just simply based on the info in this chart and the current macro environment, assuming nothing major changes.
Date range of May to October, more likely June to October &
Comment:
Eyes on $50-$52k short term before any further upside now that ATH has been broken to the downside. As low as $47 in play this week, stay careful but likely also a great dip buy opportunity, played as a bounce or held longer term. Long term outlook has not changed.