This is my BTC/USD forecast for the next months.
In crypto we know that timing may vary a lot faster than forex markets.
Anyhow I see those final low target for the bear market:
30% = 6000 $ AREA . DOUBLE BOTTOM AND REVERSAL
65% = 4970 $ AREA. MAGNETIC MEGASUPPORT REVERSAL WITH VARIOUS CONFLUENCES.
3% = 3000 $ AREA.
I cannot think at anything lower also because...
Bitcoin is pulling back from the major trendline.
I am not worried because of the incredibly huge buying volume at 6000 USD.
I expect one last leg down, then we should finally breake the major trandline and fly high in the sky!
Let's see. HODL
Those cycles are working really well with BITCOIN.
As you can see the new records are hitted in the right side of the cycle.
This could be a sign, that we will enter in a bear trend in the next big cycle.