Please view my previous idea on the left moved/translated cycle, that would now pave the way for the Supercycle á lá Su Zhu.
Early and aggressive market top that would then send us as low as the prices we have seen during the ETF introduction to the market (potential bottom around 36-42k) / smashing right through the previous ATH as support and then go higher.
I expect the macro situation to worsen, but the damages that have been done during Covid, will heal over time (Inflation, destabilization of the market and tension on borders as well as supply + demand).
Nothing more to add here, just an idea of what I believe the market will do over the course of the next few years.
Early and aggressive market top that would then send us as low as the prices we have seen during the ETF introduction to the market (potential bottom around 36-42k) / smashing right through the previous ATH as support and then go higher.
I expect the macro situation to worsen, but the damages that have been done during Covid, will heal over time (Inflation, destabilization of the market and tension on borders as well as supply + demand).
Nothing more to add here, just an idea of what I believe the market will do over the course of the next few years.
Note
bottom is inTrade active
Top is in (first half)Note
Good bounce potentially for 130K
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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.