Hello,
I have outlined the current channel structure with two possible scenarios.
As BTC climbs we will likely see a rejection at the resistance point of the channel around 25k.
Macro political issues will play a role in either continuing the rise or fall of BTC.
From my understanding of the global macro climate, it is highly likely Putin will launch a tactical missile(nuke).
This will spark panic/fear in markets that we have not yet seen this cycle; leading to a flash crash to 12K or below in the highlighted dates.
The flash crash presents an opportunity for accumulation.
After the crash, the price is expected to rebound back to 29K which marks the end of the bear cycle and the beginning of a new bull cycle.
Bitcoin is expected to surpass 100K.
I have outlined the current channel structure with two possible scenarios.
As BTC climbs we will likely see a rejection at the resistance point of the channel around 25k.
Macro political issues will play a role in either continuing the rise or fall of BTC.
From my understanding of the global macro climate, it is highly likely Putin will launch a tactical missile(nuke).
This will spark panic/fear in markets that we have not yet seen this cycle; leading to a flash crash to 12K or below in the highlighted dates.
The flash crash presents an opportunity for accumulation.
After the crash, the price is expected to rebound back to 29K which marks the end of the bear cycle and the beginning of a new bull cycle.
Bitcoin is expected to surpass 100K.