BTC two medium term paths
BTC Still hasn't broken out of its recent channel. During the last major bull run BTC went up about 163% in 6 weeks, down 43% in 4 weeks, up 163% in 8 weeks, down 40% in 2 weeks, up 158% in 8 weeks, down 30% in 1 week, and finally up 262% in 5 weeks, followed by a 70% correction.
In this buill run, we have followed this pretty closely so far, which is how I reached my bullish path prediction of mid to high 70's, followed by a 43% correction. However, history doesn't always repeat itself perfectly etc, so I can imagine we break out of the channel and pull back about 30 to 33% over the next 2 weeks, before continuing upward.
For educational purposes only. Just sharing what I'm seeing.
In this buill run, we have followed this pretty closely so far, which is how I reached my bullish path prediction of mid to high 70's, followed by a 43% correction. However, history doesn't always repeat itself perfectly etc, so I can imagine we break out of the channel and pull back about 30 to 33% over the next 2 weeks, before continuing upward.
For educational purposes only. Just sharing what I'm seeing.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.