a likely scenario for bitcoins 5+ year future
If you have read my previous articles you may know that i don't subscribe to conventional technical analysis I look at supply and demand. Here is what i think could be a likely scenario to play out. going into the halving i see btc remaining either neutral or slightly bullish. 2 weeks or so before the halving i anticipate a sell off lasting 4 weeks or so after the halving bringing us to the upward sloping trend line at $10,055
During the next 16 months i anticipate quite the move topping at or near $263,336.00 around the week of Oct 18 2021. as we get closer to my future dates I will update.
The 12 months following I'll be looking for bitcoin to be in a bear trend and bottom at or near $54,568.00 around the week of Oct 17 2022.
After the anticipated bear market I suspect similar build up going into that halving which I'm projecting to be in early march of 2024.
currently Im projecting that bull run to take us to $3,752,372.00 time and price estimates this far out are still very rough but aug of 2025 is my estimate for now. I am also anticipating another bear trend that will take us back to $967,465.00 around aug of 2026
During the next 16 months i anticipate quite the move topping at or near $263,336.00 around the week of Oct 18 2021. as we get closer to my future dates I will update.
The 12 months following I'll be looking for bitcoin to be in a bear trend and bottom at or near $54,568.00 around the week of Oct 17 2022.
After the anticipated bear market I suspect similar build up going into that halving which I'm projecting to be in early march of 2024.
currently Im projecting that bull run to take us to $3,752,372.00 time and price estimates this far out are still very rough but aug of 2025 is my estimate for now. I am also anticipating another bear trend that will take us back to $967,465.00 around aug of 2026
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