BTC Long term price action. 20k tomorrow, 140k in a year
In a few weeks I expect BTC to crush to the support level of 25k.
In case bull trendline will hold, I expect a powerful bounce for a week or so, up to 48k per 1BTC, after that we can see another period of consolidation and continuation of uptrend.
Current cycle top might be as high as 140k per 1BTC
In other case, if 25k trendline will not hold, I expect a downtrend continuation at least we hit 20k major support lvl. This lvl has been deduced based on mostly all the possible indicators combined (fundamentals, Fibonacci lvls and previous High support lvls).
But even so, in case August-September period might bring up some stock market crush, Jow Jones corrections and even Nasdaq correction, in that case BTC might fall as low as 10000$ per 1 BTC, and that will be the lowest low of BTC, thy BOTTOM.
My plan is to divide my deposit in two chunks and buy BTC for 25500$ and 20500$ correspondingly, and hodl.
In case BTC will fall even lower, I'm goanna borrow some more funds and buy the bottom anyway.
In case bull trendline will hold, I expect a powerful bounce for a week or so, up to 48k per 1BTC, after that we can see another period of consolidation and continuation of uptrend.
Current cycle top might be as high as 140k per 1BTC
In other case, if 25k trendline will not hold, I expect a downtrend continuation at least we hit 20k major support lvl. This lvl has been deduced based on mostly all the possible indicators combined (fundamentals, Fibonacci lvls and previous High support lvls).
But even so, in case August-September period might bring up some stock market crush, Jow Jones corrections and even Nasdaq correction, in that case BTC might fall as low as 10000$ per 1 BTC, and that will be the lowest low of BTC, thy BOTTOM.
My plan is to divide my deposit in two chunks and buy BTC for 25500$ and 20500$ correspondingly, and hodl.
In case BTC will fall even lower, I'm goanna borrow some more funds and buy the bottom anyway.