The Path to 185k (Bitcoin)

2022년 1월 1일

There are two ways we can go up to 185k.

Red Bar Pattern
A massive impulsive wave starting January 10th -30th 2022 and then price consolidating sidways for a while before a 30-35% correction sometime March-April 2022.

This period during March-April will cause alot of panic selling and doubt in the market that the top is with Bitcoin at 120k , but price will come back down to the 1.618 at 85k before heading back up for a top at 185k.

Green Line Pattern
Price will gradually be moving up slowly grinding up to higher levels over time with a correction again around March -April. This option for me is much less likely because normally final legs of the bull run have much more accelerated momentum as greed turns the market in mass euphoria.