This is purely a prediction for myself but I like to share it to others to see what they think. What you see is a long term channel of btc starting in 2013. In the current bull run, we see that btc was never able to get over the median line and my projection is that this will be the max it can go for this bull run. Historical data suggests that the bull run will be over at the end of Q4 ,coming at a price of roughly 120k. Although, in 2013 we saw that in december the channel was over extended, so I dont rule out that this time we can overextend the median line as well.
I predict that roughly around 18th december the top of BTC will be hit, followed by a lower low. Indicating the bull run is over. After the vertical white line, I think there will be a altcoin month, alts going parabolic with blow off tops ,with everything ending in the first month of the next year.
This will give us a bull run of roughly 640 days wich is relatively short compared to the others so I again don't rule out that, since this is crypto, we could keep going in the first couple of months of 2022. Although every bull run has ended in Q4 so don't forget that fact.
What do you guys think?
I predict that roughly around 18th december the top of BTC will be hit, followed by a lower low. Indicating the bull run is over. After the vertical white line, I think there will be a altcoin month, alts going parabolic with blow off tops ,with everything ending in the first month of the next year.
This will give us a bull run of roughly 640 days wich is relatively short compared to the others so I again don't rule out that, since this is crypto, we could keep going in the first couple of months of 2022. Although every bull run has ended in Q4 so don't forget that fact.
What do you guys think?
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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.