Legend :
Green: repeat of 2015 cycle
Yellow: repeat of 2019 cycle
Vertical Red lines: FOMC meetings
Today 05/03/2023 with the FOMC Fed meeting over, I have highlighted all the fomc meetings as vertical red lines and if we assume a pullback similar to the previous pullback, it could coincide with what usually happens after FOMC meetings and also a retouch of the bull market support band (Horizontal Red line) is a healthier correction like in 2015 cycle.
If Bitcoin follows 2019 cycle, there may not be any pullbacks for next few weeks with a parabolic rise to 40-45k. However, a repeat of 2015 cycle is healthier and sustainable. A repeat of 2019 cycle although can give a parabolic rise to 40-50k, it can fall back to 20k before next year having in April 2024.
With the S&P bullish bias due to the signal we got for bullish trend, we can assume buying the pull backs on bitcoin can help with a healthier accumulation.
I hope you guys are accumulating! If you need the Bitcoin prediction for the bull run after next halving in April 2024, let me know. I will publish my assumptions and forecast!
Green: repeat of 2015 cycle
Yellow: repeat of 2019 cycle
Vertical Red lines: FOMC meetings
Today 05/03/2023 with the FOMC Fed meeting over, I have highlighted all the fomc meetings as vertical red lines and if we assume a pullback similar to the previous pullback, it could coincide with what usually happens after FOMC meetings and also a retouch of the bull market support band (Horizontal Red line) is a healthier correction like in 2015 cycle.
If Bitcoin follows 2019 cycle, there may not be any pullbacks for next few weeks with a parabolic rise to 40-45k. However, a repeat of 2015 cycle is healthier and sustainable. A repeat of 2019 cycle although can give a parabolic rise to 40-50k, it can fall back to 20k before next year having in April 2024.
With the S&P bullish bias due to the signal we got for bullish trend, we can assume buying the pull backs on bitcoin can help with a healthier accumulation.
I hope you guys are accumulating! If you need the Bitcoin prediction for the bull run after next halving in April 2024, let me know. I will publish my assumptions and forecast!
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Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.