BitcoinAktualisiert BTC mid-term prediction
Everyone has been talking about the next capitulation of BTC where price would be $15000, $10000 or even lower.
My model, as long as being valid (*), predicts that BTC might be very close to its current cycle's bottom.
BTC is struggling to close above $20000, the current resistance (also a psychological price level, electricity cost level or whatever). If failing, I think that BTC will revisit the "EL Line" quite fast to grab the liquidity in order to get back to the "210K Line", a base price level. The recovery (in mid-term) would not be a V-shaped one but a slow parabolic curve, like what happened in 2015.
This post is just to share with you my own analysis. It is not a financial advice. Good luck and take care!
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(*) the used model is invalid when BTC closes below the "EL Line" with in 1W candle.
My model, as long as being valid (*), predicts that BTC might be very close to its current cycle's bottom.
BTC is struggling to close above $20000, the current resistance (also a psychological price level, electricity cost level or whatever). If failing, I think that BTC will revisit the "EL Line" quite fast to grab the liquidity in order to get back to the "210K Line", a base price level. The recovery (in mid-term) would not be a V-shaped one but a slow parabolic curve, like what happened in 2015.
This post is just to share with you my own analysis. It is not a financial advice. Good luck and take care!
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(*) the used model is invalid when BTC closes below the "EL Line" with in 1W candle.
Anmerkung
BTC move was stronger than I first thought but it is still under the first resistance which slowing down its uptrend.Let's see if BTC could break out or be rejected the next days
Anmerkung
As an illustration for the above comment, here is my view for the next moves of BTC
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.