Following along from the last supercycle there will be a couple more ~30% pullbacks ahead before making a run at the next All Time High at near $250,000. This falls just past the Top Trend Line that has held for the last 2 ATHs in 2013 and 2017.
Note
We could be inside the #2 pullback area now, which last time bottomed out at the top of the #1 pullback. Currently that would be around $42,000.Note
Recent drop in price is still in line with previous pullbacks. I believe we are completing the #2 pullback and a price level to keep an eye for the bottom would be $42-46k. The best is yet to come.
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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.