There are different scenarios currently at play addressing where BTC ATH. We all heard of 100k, 200k & 300k. I even posted earlier few months ago that I am leaning to the scenario that BTC will top at 188k this bull run cycle and I even pinned it on my Twitter.
However, there's another scenario that I find compelling. I provided a link to the Youtube video of a gentleman that I very much respect and trust. He has been very consistent all along since the bear market with his outlook on the market, and pretty much hew was on track. Attached is the chart that demonstrates how FIB R can predict the top of the ATH after drawing it from the bear market ATL to previous cycle ATH pinned at the 1.0 Level. Clearly one can see that 4.236 level points at ~74k which Bitcoin may go above briefly before falling hard triggering Alts to rally. Then BTC will recover to the 0.702 level from that dip before falling into the bear market along with all Alts.
I am starting this scenario for us to be prepared for the worse. The last thing we need is to get caught with our bags of crypto into a two year bloody bear market.
Feel free to ask questions, comment and elaborate. But first I'd recommend watching the linked video along with his older videos where he was on track in terms of price action.
However, there's another scenario that I find compelling. I provided a link to the Youtube video of a gentleman that I very much respect and trust. He has been very consistent all along since the bear market with his outlook on the market, and pretty much hew was on track. Attached is the chart that demonstrates how FIB R can predict the top of the ATH after drawing it from the bear market ATL to previous cycle ATH pinned at the 1.0 Level. Clearly one can see that 4.236 level points at ~74k which Bitcoin may go above briefly before falling hard triggering Alts to rally. Then BTC will recover to the 0.702 level from that dip before falling into the bear market along with all Alts.
I am starting this scenario for us to be prepared for the worse. The last thing we need is to get caught with our bags of crypto into a two year bloody bear market.
Feel free to ask questions, comment and elaborate. But first I'd recommend watching the linked video along with his older videos where he was on track in terms of price action.
Unless you figure a way to make money while you sleep, you’ll work till you die.
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.
Unless you figure a way to make money while you sleep, you’ll work till you die.
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.