Target price $27 next ATH. Similar pattern in play now as previous years. Possibly more volatility. Markets are moving faster and the 4 year cycle might get shorter and shorter as the gains come faster then long bear markets ensue again. Possible top this October 2024 for dogecoin, and later for other alts. If hyperbitcoinization happens due to dollar index...
BTC Wyckoff Distribution. Down to $28K, then $22K.
Bitcoin outperformed gold in the last 13 years since its inception but this trend will stabilize and both gold and bitcoin will reach an equilibrium until hyper-bitcoinization. A good way to store wealth made from bitcoin is to put it temporarily into gold during the bull runs and during small bear rallies (as the current one from $16K btc to 35K btc), then re-buy...
Right now in the middle of a bear cycle rally. Rally should go to about midpoint between cycle high and low, $35K-45K range. Then down to $18K-21K before the halving. Bull run starts in the yellow zone and tops out in the red zone. From top to top usually approx 1400 days. Next bitcoin TOP expected in 2025 between late July and early October.
Dogecoin bullish waves taking it to $30 next crypto bull run
The best DCA time for the next bull run is between May 2022 and May 2023, this is the area when price will range from 20K to 33K and is the time period where you should spend a little more on your DCA vs in other times (less in 2024 and 2025 during new bull run optimism returning).
Just some thoughts that we might not go lower than 6000-7000 right now, next ATH 200k ish in end of 2021
From 8k to 40k by 2021, or first from 8k to 3k in spring of 2020.