This cyclical analysis is of disarming precision, every 6 months we have reached a maximum and a minimum.
According to the cycle we should hit a new ATH between April 11th and May 23rd and according to Fibonacci touch 1.13, equivalent to the value of 74k, I think.
The only thing I think is that the subsequent retracement will no longer take us into such a scary zone below 40k but after June 2022 we may see smaller retracements and use the support channel which has seen a lot of trading in 2021 between 50k and 58k, this in my opinion will be the next fund for 2022.
By the end of the year, if everything follows the cycle, we could expect an 80k.
According to the cycle we should hit a new ATH between April 11th and May 23rd and according to Fibonacci touch 1.13, equivalent to the value of 74k, I think.
The only thing I think is that the subsequent retracement will no longer take us into such a scary zone below 40k but after June 2022 we may see smaller retracements and use the support channel which has seen a lot of trading in 2021 between 50k and 58k, this in my opinion will be the next fund for 2022.
By the end of the year, if everything follows the cycle, we could expect an 80k.
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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.