History does two things really well: it rhymes and it surprises.
Right now with BTC I anticipate that probably we will see a similar pattern developing as we saw with the last bear and bull market.
Price will move inside a downtrending channel for about 2 years, touching the 200 Weekly moving average at the bottom of the bear market.
That means BTC will bottom between $18,000-$21,000 in this cycle probably in Q4 2022.
If the same happens with the next Bull run, we could see BTC reach over $160k between 2024-2025.
But price could also move unpredictably and BTC could exit out from these channels at some point.
Will history rhyme? Or will it surprise? As always, only time will tell.
Cheers
Right now with BTC I anticipate that probably we will see a similar pattern developing as we saw with the last bear and bull market.
Price will move inside a downtrending channel for about 2 years, touching the 200 Weekly moving average at the bottom of the bear market.
That means BTC will bottom between $18,000-$21,000 in this cycle probably in Q4 2022.
If the same happens with the next Bull run, we could see BTC reach over $160k between 2024-2025.
But price could also move unpredictably and BTC could exit out from these channels at some point.
Will history rhyme? Or will it surprise? As always, only time will tell.
Cheers
King