The end of the cycle ! Final Push Up and the red frenzy starts
BTC is reaching closer to 4.236 extension that lies around 72-75k.
In the short term, BTC is loosing strength and it may continue to head up ,just slightly above the previous ATH that lies at 64900 before the correction takes place.
After that ,it may head straight to its peak which could lie anywhere between 72k-85k followed by the sudden 30-50% correction and the retrace to 0.702.
In the bear market, it may fall back to 14-16k levels.
In previous cycles, BTC had a 83% correction from top to bottom of the cycle.
In the short term, BTC is loosing strength and it may continue to head up ,just slightly above the previous ATH that lies at 64900 before the correction takes place.
After that ,it may head straight to its peak which could lie anywhere between 72k-85k followed by the sudden 30-50% correction and the retrace to 0.702.
In the bear market, it may fall back to 14-16k levels.
In previous cycles, BTC had a 83% correction from top to bottom of the cycle.
Related publications
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.