Hello,
heres another analysis where i compare the behaviour with the bear market from 2015.
In 2015.. we also had 5 green weekly candles, until bitcoin did dump down to the 200 weekly SMA.
Im expecting this to happen again.
Right now BTC is dumping:
First target: 3850
Second target: 3700
Third target: 3500
From there we may go sideways for a few months until we see another rise to ~$4500.
Expecting 6k in december.
heres another analysis where i compare the behaviour with the bear market from 2015.
In 2015.. we also had 5 green weekly candles, until bitcoin did dump down to the 200 weekly SMA.
Im expecting this to happen again.
Right now BTC is dumping:
First target: 3850
Second target: 3700
Third target: 3500
From there we may go sideways for a few months until we see another rise to ~$4500.
Expecting 6k in december.