Based on the historical significance of certain levels for Bitcoin (BTC), if the current level is broken, the closest new high for BTC is likely to reach 100k. This prediction is based on the fundamental background and previous bull runs, where applying the Fibonacci retracement levels highlights key levels that align with the new ones. For example: Bull run in 2017, Level 1.618(2017) -> 0.618 ( 2020) -> 0.382 (2022-2023) Bull run in 2021, level 1.618(2021) -> 1(2022)
Well.. bullruns only happen after a btc halving. Btc made a low of 16k and then Consolidated for a very short time and now starts breaking up. but that ain’t a reason to believe in a bullrun just yet. This is just a short term bullish trend within the downtrend. We are going to see the lows again, I hope for 9500~ But that’s just my opinion and how I see the market. Long story short. It’s just to soon for another bullrun. Goodluck!
PavlOK
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@Sandero13, Thank you for your feedback, I 100% agree with you but I think that taking into consideration the mass adoption of btc and how crypto became a part of our everyday lives we can see a bull run a bit sooner than usual, really appreciate the feedback and I hope you have a great day.
P.S. I really hope that you are right and I can buy that dip xDD