Based off of 2021-07 data, BTC may decrease from 2021-07 to 2021-09-19, then increase in 2021-10. Followed by a possible decrease from 2021-09-15 to 2021-12-19. Perhaps after more data is available, there may be an increase around 2022-01 to 2022-06.
Note
CORRECTION: a possible decrease from 2021-11-15 to 2021-12-19Note
The 2021-07-13 data is now reflecting a possible decline during 2021-10 as well. So from 2021-07 to 2021-12-19 there may be a steady decline pattern. It's possible that it might trend as relatively flat during 2021-10.Note
My additional idea would be if or when we get struck by deflation (global), then perhaps we could see a further decline. It's possible that there may be a bottom closer toward 2021-10 through 2022-04. For example, the 2018 decline lasted 12 months; however things are different this time. So there is a chance that we may see 6 to 12 months of decline with short-term increases and flat sections. If deflation sets in around 2022-03 (even for 20 days), we could see something like the 2020-03 short-term drop and correction back up. However, this idea / trend that I am referring to can change by changes in inflation & deflation at any time; as well as unexpected economic shifts.Note
Past 8 months = Bearish Head & ShouldersNote
Mid-month weekday-start (first weekday after the 15 th of the month) data is currently reflecting... 2021-10 = relatively flat. 2021-11 = decline. 2021-12 = increase. 2022-01 = relatively flat. 2022-12 = increase.Disclaimer
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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.