Quite possibly a huge correction to previous strong support around 17k, from where it should move above 100k.
Previous LL was in March 2020 where BTC dropped to around 4k USD and ATH of this cycle was around 64k. That is increase in price of 16x. After this correction and accumulation, price could increase to new ATH of 17x12 = 204k (diminishing returns of each cycle).
Not financial advice.
Previous LL was in March 2020 where BTC dropped to around 4k USD and ATH of this cycle was around 64k. That is increase in price of 16x. After this correction and accumulation, price could increase to new ATH of 17x12 = 204k (diminishing returns of each cycle).
Not financial advice.