Key:
Red Lines are Resistance
Green Lines are Support
The markets are in turmoil with no immediate end in sight. Watch as prices fluctuate within a fairly volatile sideways trend for the next couple months.
Scenario 1: (My money is on this one) BTC will exhibit a false breakout to the upside around June 1 to coincide with the havening event but the whales will come in and crash the market all the way down to the 2000 level before reversing around September 1. If the market is exhibiting a strong move to the upside going into June 1, watch for this event to occur.
Scenario 2, They just go ahead and crash the market down to 2000 where it will remain until September.
BTC will hit an ATH right around December 2020 and will find support at the 20,000 level for the next leg up going into February 2023 to 300K.
Conclusion: At some point prices will hit the 2000 level, then look for big news coming in September for the reversal.
Red Lines are Resistance
Green Lines are Support
The markets are in turmoil with no immediate end in sight. Watch as prices fluctuate within a fairly volatile sideways trend for the next couple months.
Scenario 1: (My money is on this one) BTC will exhibit a false breakout to the upside around June 1 to coincide with the havening event but the whales will come in and crash the market all the way down to the 2000 level before reversing around September 1. If the market is exhibiting a strong move to the upside going into June 1, watch for this event to occur.
Scenario 2, They just go ahead and crash the market down to 2000 where it will remain until September.
BTC will hit an ATH right around December 2020 and will find support at the 20,000 level for the next leg up going into February 2023 to 300K.
Conclusion: At some point prices will hit the 2000 level, then look for big news coming in September for the reversal.