Bitcoin has completed another corrective sequence downwards loosing 50% of it's gains from 70k top down to 30k bottom of 2021. Future price movements are expected to keep rising rapidly within the next decade, with a new ALL TIME HIGH waiting to unfold within the range of 120k up to 240k. After the new ATH is established, a new stronger bear market should begin which will give a bearish drop in price and decline down to 2,000 or possibly lower with constant declines over time. These price predictions are done using EW, Gann, volume and price ratio analyses.
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Initial targets have been reached with the break of all time high, after a minor correction higher targets are still expected to reach 100k at least.
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The first leg down may have begun, the break of all time highs signals that the rule is fulfilled without reaching 120k range. Either way, a bullish scenario is expected in short term to correct a portion of the drop since 69k ATH. A correction from current 16k price up to 35k is expected, where the future of this technology will be decided.
Volatile moves should not surprise you in the following years, steer your luck to your side traders!
Volatile moves should not surprise you in the following years, steer your luck to your side traders!
