BitcoinUpdated Next All Time High in Oct 2021 @ 135K?
From the previous halving to the previous ATH took 525 days.
Will this cycle take around the same time, sooner, or longer?
Also, the current RSI on the weekly is extremely HIGH -- we're due for a pullback.
The last time this happened before hitting the all time high at 20k, we dropped 40%.
IF WE DROP 40% from here, we'll go back down to at around 12k/13k (200MA on the daily)
From a daily view point, using retracements we could see a 20% drop to 21k -- if that support breaks we'll drop to 16k/17k, another major support (100MA on the daily).
Will this cycle take around the same time, sooner, or longer?
Also, the current RSI on the weekly is extremely HIGH -- we're due for a pullback.
The last time this happened before hitting the all time high at 20k, we dropped 40%.
IF WE DROP 40% from here, we'll go back down to at around 12k/13k (200MA on the daily)
From a daily view point, using retracements we could see a 20% drop to 21k -- if that support breaks we'll drop to 16k/17k, another major support (100MA on the daily).
Note
My previous idea of this sort of price move may not be so far fetched..https:// www. tradingview.com/chart/BTCUSD/nv5ynWPr-Pullback-then-Pump/
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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.