BTC will bottom around mid October at 12,000!
Hi everyone
I haven't posted in a long time but here is what is coming in the next few months.
BTC broke 28k support level very aggressively and is now headed for 20k retest.
According to previous all time high of 20k we later drop to 3k which is about a 85% drop from all time high, which took a year to complete.
If a similar scenario is to repeat itself, I think we can find the low at 12000 by mid October. That will also line up with .62 Fibonacci levels and previous resistance now turned support. The current overall crypto/stock/economic market conditions also support a big move to the downside.
Feel free to support or troll this idea in the comment section below.
Cheers!
I haven't posted in a long time but here is what is coming in the next few months.
BTC broke 28k support level very aggressively and is now headed for 20k retest.
According to previous all time high of 20k we later drop to 3k which is about a 85% drop from all time high, which took a year to complete.
If a similar scenario is to repeat itself, I think we can find the low at 12000 by mid October. That will also line up with .62 Fibonacci levels and previous resistance now turned support. The current overall crypto/stock/economic market conditions also support a big move to the downside.
Feel free to support or troll this idea in the comment section below.
Cheers!
