BTC has had some tremendous movement in the last week, dipping under 16k and challenging the 22K historical resistance line. One thing to keep in mind with these movements, Saylor bought and another 4 bn buy on futures (crypto futures not CME which would have no affect on the price as the CME is a speculative market). Seeing this I would be save to say "I don't fucking know", on the one hand 2 people buying is not enough to kick start a bull market even with the crypto market retaking the 1trillion. On the other hand my previous prediction I have been calling for since Nov of 2021 at 10-13.5k bottom could have been filled with these two buyers. If this is the case and we cannot get to those lows it will take a while to push over 22k without other whales buying in to really kick start the crypto craze again. So I would look at my fractal, us assuming no big whale entering the space pushing it over 22k and knowing retail does not have the money to continue this insane pump off the lows. I would assume until we hit the fractal I would not expect a push over 22k until then at least and we most likely will be playing pong between the lows and highs until then. I would continue to update and try to be more active as we are getting close to the bottom as well as analyzing the last few bottoms in the btc cycle which, whether your willing to admit it or not shapes the ecosystem for the rest of crypto in terms of price points.
I will also leave my prior predictions and price mapping as I usually don't delete stuff off my chart.
"Stay Frosty Meh Friends"
-Kewlkat
I will also leave my prior predictions and price mapping as I usually don't delete stuff off my chart.
"Stay Frosty Meh Friends"
-Kewlkat
Comment:
Well that worked out better than expected