1W time frame
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Every vertical dotted lines stand for halving timing, we call them "a cycle" between two lines.
Every cycles have similar trend, we can mark them with three colors as below.
(1) White range stand for Bull high to Bear second low
(2) Red range stand for Bull high to Bear low
(3) Green range stand for Bear low to Next halving
According to halving in 2012 and 2016, we can expect Bitcoin make a second low (below 20000) in near future, the most possible time range is from August '23 to February '24.
Before the second low coming, Bitcoin will likely reach price over 33000, therefore, be careful of being fomo and get ready with patience to buy spot.
-
Every vertical dotted lines stand for halving timing, we call them "a cycle" between two lines.
Every cycles have similar trend, we can mark them with three colors as below.
(1) White range stand for Bull high to Bear second low
(2) Red range stand for Bull high to Bear low
(3) Green range stand for Bear low to Next halving
According to halving in 2012 and 2016, we can expect Bitcoin make a second low (below 20000) in near future, the most possible time range is from August '23 to February '24.
Before the second low coming, Bitcoin will likely reach price over 33000, therefore, be careful of being fomo and get ready with patience to buy spot.
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✨Bybit sign up: www.bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
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→Join Teaching Group for free!(PM me)