Not financial advice.
With Tax season and Expected Stimulus checks
Expect the swings to be insane and mind blowing.
FOMO (fear of missing out)can drive price to 90k
Which I will update depending on total Marketcap at that time.
But current situation.
This is my assessment.
Swing high this month of 53k. Settling around 45 for the month of Feb.
Month of March Blow off top 65k before retrace to test 45-50k range
April
Roughly 20% drop from whatever month of March finishes at
Projected 35.500 or retest of 30k not out of the question.
By June bitcoin should be stable in 24-32k range
Good time to buy back in.
All levels highlighted.
This is just a representation until End of March
Mid-April.
Just be aware.
I was around for the 1st BTC cycle.
This one is different.
The swings aren't as bad because of institutional acceptance.
The newbies or inexperienced traders will drive the price thru the roof and it can break my F
Then follow the projected line which is a
90k projection
With settling at 78k or so.
We need a retest of previous All time high marketcap.
This is healthy for the long term trend of the market.
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