Have a quick look at the TA below first.
This ascending channel is going to be the key to pinpointing the bottom of the bitcoin cycle. What we have is a "W" pattern formation on the daily which if completes has a breakout target to the top of this channel.
Now my perspective on the next 60days is that Bitcoin will make a move down to the 200weekly sometime end of May 2022 check out this TA below.
August 2022 is the next Fib time zone date , the last two have been fairly good for pivot points but nothing amazing. What is interesting is that 1.618 Fib , 3.618 time fib and the top of ascending channel come together nicely.
If Bitcoin does infact make a move to the 200 weekly at about 22-23k then that would mean USDT would make a all time high and hit the top of the ascending channel marking the bottom.
This ascending channel is going to be the key to pinpointing the bottom of the bitcoin cycle. What we have is a "W" pattern formation on the daily which if completes has a breakout target to the top of this channel.
Now my perspective on the next 60days is that Bitcoin will make a move down to the 200weekly sometime end of May 2022 check out this TA below.
August 2022 is the next Fib time zone date , the last two have been fairly good for pivot points but nothing amazing. What is interesting is that 1.618 Fib , 3.618 time fib and the top of ascending channel come together nicely.
If Bitcoin does infact make a move to the 200 weekly at about 22-23k then that would mean USDT would make a all time high and hit the top of the ascending channel marking the bottom.
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