BTC on uptrend but near term before halvening unknown
Very excited to see BTC break out from the 2 year ish accumulation range. It's moving up quite nicely along the weekly bbands. With about 3 weeks or so before halvening we can continue to see a pump up. In fact... a move probably needs to happen this week otherwise price will fill the 20ma around 53-55k before it moves up.
There probably will be some kind of significant retracement right before or after halvening but I can see price eventually touching weekly 20ma or 50ma before continuing to go up.
BTC price target this cycle.. hard to say. Last top was roughly 3.5x from 2017 high so let's say if we project out we have a 200-250k target by 2025 i'm guessing. If playing meme coins.. might be a fun time to get some multi x returns... lots of dogs and cats out there haha.
Will be fun to come back next year and see if this plays out =).
There probably will be some kind of significant retracement right before or after halvening but I can see price eventually touching weekly 20ma or 50ma before continuing to go up.
BTC price target this cycle.. hard to say. Last top was roughly 3.5x from 2017 high so let's say if we project out we have a 200-250k target by 2025 i'm guessing. If playing meme coins.. might be a fun time to get some multi x returns... lots of dogs and cats out there haha.
Will be fun to come back next year and see if this plays out =).