Lorenz_Capital

Bitcoin May 2023 Forecast - 12 Months of Accumulation

Long
BNC:BLX   Bitcoin Liquid Index
The chart is telling me that we could see the next 6-9 months slowly grind lower as the global economy enters recession. This will be a great opportunity to scale into long positions slowly for Bitcoin as we gear up for 2024-2025 bull run. If you can get an average price between 21K - 25K you will be nice and cozy in your position for the next two years. Upside target is between $100K-$250K for this next bull run. Please manage your risk carefully as this is truly the only thing that you can control.

Best of luck.

Blorenz

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.