Hello, everyone. I hope and you are aware of BTC's 4 year cycle. Exponential high, Correction, Accumulation and Continuation years. In 2013, 2017, 2021 BTC has made every time it's ATH as proving the theory. And after these years in 2014, 2018 BTC went down sharply. And if we pay attention to the theory, 2022 should be bearish year for BTC. As for today I could say that we are in the bearish cycle until 2023 May. I made an analysis in Line chart in order restrict noise. Good luck in trades, buddy. P.S.: Bullish cycle for BTC will come in 2023 June until 2024 December.
@AMITANSAL369369, if your comment is in question form than my answer would be like that: as you are showing me that BTC is in bearish channel I recommend not to buy right now. Only sell or do not enter until it reaches 19K. And thanks for stopping by, good luck in trades, buddy.
Your Dec chart you were saying going to 69 & currently its traveling almost as you have highlighted what has triggered you to draw this one to 19K
maximleanke
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@Thrive2PointO, December's analyze is for 3 months. January's analyze is for 3 years. The main difference lays on that. The trigger is that BTC should go down 19K if we want to reach 200K at 2025. Other ways will postpone the target to 2029. My wish is to see BTC 200K as many other BTC lovers, but right now it's expensive and overvalued for the world.