BTC Price Prediction
I used price pattern behavior from previous halvings to make a future diagram projection. I calculated an estimated low price of $8000 - 20K, high price of $100 - 120k (possibly higher depending on actual low) and target of 10-15k or less by the end of the year.
Past corrections were ~75% from ATH with bearish behavior for about 12 - 20 months following the bullish phase. I estimated the accumulation phase to start about 12 months prior to the halving (based on past data). I connected the swing highs and lows to zone in to where the bearish phase will end and when the accumulation phase will begin in anticipation for the next halving.
Past corrections were ~75% from ATH with bearish behavior for about 12 - 20 months following the bullish phase. I estimated the accumulation phase to start about 12 months prior to the halving (based on past data). I connected the swing highs and lows to zone in to where the bearish phase will end and when the accumulation phase will begin in anticipation for the next halving.
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.