The way i see it, there are two scenarios for BTC price action that will result in massive pains or gains this summer 2022.
Bearish: 65% probability
1. We are currently in the grips of hard MA resistance as seen in Q4 2018 right before 50% drop into $3K. - this would put us at $20K price tag by June, and would be prime buying opportunity.
Bullish: 35% probability
2. We are forming a bottom pattern similar to early 2019 at $3K levels and will make a push to new all time highs next month. Then kick off another massive bull run in Q3, extending the bull market into 2023.
Only time will tell.
Good luck, hit thumbs up.
Bearish: 65% probability
1. We are currently in the grips of hard MA resistance as seen in Q4 2018 right before 50% drop into $3K. - this would put us at $20K price tag by June, and would be prime buying opportunity.
Bullish: 35% probability
2. We are forming a bottom pattern similar to early 2019 at $3K levels and will make a push to new all time highs next month. Then kick off another massive bull run in Q3, extending the bull market into 2023.
Only time will tell.
Good luck, hit thumbs up.
