[UPDATE BTC] if CPI peaks in the summer, 74k-77k$ is possible.
I still believe there is a chance to see BTC at 70k in 2023 before a second inflationary period in 2023-2024 that will drive BTC down again.
This is in line with one of my melt-up scenarios I posted in 2021.
This is in line with one of my melt-up scenarios I posted in 2021.
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but of course, I'm also aware of my other 2 scenarios:
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Ok;)
Update:
We are still on track but slight tweak --> 58k is the minimum target for this optimistic model
Evidence:
- technical analysis:
- cloud analysis:
Update:
We are still on track but slight tweak --> 58k is the minimum target for this optimistic model
Evidence:
- technical analysis:
- cloud analysis:
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Still valid, but low chances. Still believe in my other pessimistic scenarios (wyckoff accumulation ones)
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still valid
max target: 54-72k
max target: 54-72k
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Let me update. This is what i think it could happen
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Btw idea still valid and target is 54-72k.
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![[Update BTC] Scenario to watch out for](https://s3.tradingview.com/t/t0aQf7s4_big.png)
