just got back from the lab and I have a change of opinion. We have reached the bottom. We're likely to consolidate between 3.8K to 5.5K in the near future as bitcoin slowly rises back to 10K by next year. However a drop is still imminent, unfortunately it is unlikely we will see a drop to 1900. I only wish that at times when it was 3100 I was more optimistic as I can be pessimistic by nature. We experienced a 85% drop, this is a normal bitcoin correction historically speaking which does repeat and yes we can use past experience to project the present.
It is my educated guess that we will see 3500 again and the bar will slowly rise to 36oo 37oo. Although we will be in the bear market to approximately september of 2019 by this time next year these prices will be in the rear view mirror.
Still,now would not be a bad time to open a short at around 4130 which will be closed at approximately 3500 as we will retrace from support.
Final remark.
Bitcoin will see 80,000 USD January 2022.
It is my educated guess that we will see 3500 again and the bar will slowly rise to 36oo 37oo. Although we will be in the bear market to approximately september of 2019 by this time next year these prices will be in the rear view mirror.
Still,now would not be a bad time to open a short at around 4130 which will be closed at approximately 3500 as we will retrace from support.
Final remark.
Bitcoin will see 80,000 USD January 2022.