Does it sound so crazy 185k May 2022? Is it really such a massive move?
All we are talking about here is a 290% move from 52k , it did that in October 2020 to January 2021 , in just four monthly candles Bitcoin moved 300%.
If we close this months candle at 52k or above it will increase the chances dramatically of triggering the last phase of the cycle and since the first part of the cycle was explosive one can speculate we will get a momentum equal or greater than the four months from October 2020 to January 2021. Now I understand that moving price from 50k to 185k requires a lot more money than 15k to 60k but I still think its possible .
15 days till monthly close 52k is the level to watch.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.