Bitcoin: Slow or fast route?
Updated
I see really two scenarios now.
Bitcoin recovers and continues the rally this year, kind of like the double rally in 2013.
This would lead to 150k by the end of the year or early 2022.
Or bitcoin takes the slow route with a retest of 20k, this means 215k by late 2022.
Let us see how the indicators will look by August, that's when we hopefully will be able to tell if it's just a bounce or if the rally does continue.
Bitcoin recovers and continues the rally this year, kind of like the double rally in 2013.
This would lead to 150k by the end of the year or early 2022.
Or bitcoin takes the slow route with a retest of 20k, this means 215k by late 2022.
Let us see how the indicators will look by August, that's when we hopefully will be able to tell if it's just a bounce or if the rally does continue.
Comment
Recovery rally has started. Now it will be really important to see how high this will go. Will it be able to avoid the death cross, and will BTC be able to get through the falling resistance line? If yes, we have good chances of resuming the bulltrend fairly soon.If not, we will probably revisit 20k and the weekly MA200.
Comment
Still no interesting price movement. BTC tries to bore us to death after this insane price action a month ago.Comment
Unfortunately, this here could also happen:Comment
Currently I think this here is the most likely scenario, because a bullish divergence is building up in the 3d RSI:Then afterwards, we will have to see.
Comment
In the next 2 months, BTC will decide which route it will take, it will be an extremely exciting time !
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