If we follow the same path of the last 2 cycles we should push up to around 48k and then move sideways in reaccumulation for about 1 year until the bull run post halving in 2024.
Comment:
Took a little bit longer to get to the top of the re-accumulation range but the target was always around 48k for 2023 high and we landed just short at 44k.
Cycle still very much in rhythm of the previous 3 cycles, halving in April then we move out of re-accumulation into the bull market where glory awaits.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Cycle still very much in rhythm of the previous 3 cycles, halving in April then we move out of re-accumulation into the bull market where glory awaits.