2021 Crypto Bull Run Is Not Over

2021년 11월 22일

Bitcoin has been trading in this channel since early July. RSI has been "reset" every 2 months since we hit our 29K low in mid July, and has also hit our bottom ascending trendline each time. We then see a run up from there. (1) We saw an 80% run up followed by (2) a 25% correction before beginning another leg up (3) of 74%. Am expecting (4) to be between a 20-25% correction before beginning our next, and most likely final leg up (5) which I assume will be more than the 80% we saw in (1) and (3). We seem very close to that bottom RSI level now and I am expecting we see a bounce off of our Demand Zone (green box) today or tomorrow. However if we do lose that zone, I believe 53k would be our next level and more than likely be our bottom for our next leg up. I still believe we will see a 100k+ Bitcoin by the end of this year or early '22.