Bitcoin heading towards 330k
Should previous scenarios play out again as it did before then bitcoin will hit 330k within 10 - 12 months followed by a 84 - 86% drop that takes 12 - 13 months ( bear market ).
The rally to a new all time high started after entering the overbought area on the RSI on the monthly chart.
The lowest low after an all time high is about 163 - 168% higher than the previous all time high.
That brings the next low to ~52k after reaching a new all time high.
A retracement of 84% towards 52k would mean the new all time high would have been set around 330k.
The rally to a new all time high started after entering the overbought area on the RSI on the monthly chart.
The lowest low after an all time high is about 163 - 168% higher than the previous all time high.
That brings the next low to ~52k after reaching a new all time high.
A retracement of 84% towards 52k would mean the new all time high would have been set around 330k.
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