As you can see the price is getting close to the top of the downtrend channel here.
Must take and close above 20550 for higher levels to be seen (green arrows)
Failure to break the trendline will get the price down to 14k if not lower.
My ideal pathway is a move up (ideally to 30k+, might be limited to 27-27.5k) by the EOY and much lower in Q1 of 2023, ideally below 10K.
I personally would like to see the price below 8k at some point next year, that alone will screw everyone out and make people exit and run with whatever left from their holdings.
And only after that (panic exit) the price will start move and will be 10x to 80k plus if not more on the next bull run cycle (which should be stronger then we saw last imo)
Expect lower before the bear market is over, more pain to be seen next year
Must take and close above 20550 for higher levels to be seen (green arrows)
Failure to break the trendline will get the price down to 14k if not lower.
My ideal pathway is a move up (ideally to 30k+, might be limited to 27-27.5k) by the EOY and much lower in Q1 of 2023, ideally below 10K.
I personally would like to see the price below 8k at some point next year, that alone will screw everyone out and make people exit and run with whatever left from their holdings.
And only after that (panic exit) the price will start move and will be 10x to 80k plus if not more on the next bull run cycle (which should be stronger then we saw last imo)
Expect lower before the bear market is over, more pain to be seen next year