Two simple reasons why Bitcoin's secondary macro target from two different patterns lines up with roughly 132.5k.
Could we go higher? Sure, but this is a good measured macro target for this cycle.
An old W or double bottom pattern which successfully targeted 62.8k as a macro TP 1 during the last cycle's top, points to a macro TP 2 of 132.5k.
A parallel channel formed between last cycle top and the lows that followed it, targeted a more local TP 1 around 75-80k, which we've reached and since exceeded, and its TP 2 is also 132.5k.
Could we go higher? Sure, but this is a good measured macro target for this cycle.
An old W or double bottom pattern which successfully targeted 62.8k as a macro TP 1 during the last cycle's top, points to a macro TP 2 of 132.5k.
A parallel channel formed between last cycle top and the lows that followed it, targeted a more local TP 1 around 75-80k, which we've reached and since exceeded, and its TP 2 is also 132.5k.
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.
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.