btc 7-21 update (bearish projection)
good evening,
thought i'd go ahead and share my two primary cases, to catch everyone up with my thoughts.
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this right here is my primary projection for bitcoin.
it implies that a local top will be created within the next 7 days, followed by a sharp move down into august \ september.
>downside target on this particular projection is between 13~14k.
>once this downside target is in, i think bitcoin can see a significant squeeze up into the 40k region, (maybe even higher)
>followed by one more bear phase, which bottoms out between 10~6k in late 2023.
>halving in 2024 will send bitcoin into the hundreds of thousands; i'm very bullish long term. quite neutral until a bottom is in just swinging all these bear moves in the mid-term.
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(view next post for the bullish projection)
thought i'd go ahead and share my two primary cases, to catch everyone up with my thoughts.
---
this right here is my primary projection for bitcoin.
it implies that a local top will be created within the next 7 days, followed by a sharp move down into august \ september.
>downside target on this particular projection is between 13~14k.
>once this downside target is in, i think bitcoin can see a significant squeeze up into the 40k region, (maybe even higher)
>followed by one more bear phase, which bottoms out between 10~6k in late 2023.
>halving in 2024 will send bitcoin into the hundreds of thousands; i'm very bullish long term. quite neutral until a bottom is in just swinging all these bear moves in the mid-term.
---
(view next post for the bullish projection)
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