Bitcoin Market State - October 2023
Updated
Following my previous update in June 2022, Bitcoin has indeed carried out most of the dead cat bounce that I've been expecting. Granted, it took longer than I thought, but the levels are still valid.
This is just an update that we are indeed on track with the plan, anticipating to enter the 35k-37k price zone before the bear market continues.
This zone is a strong psychological pivot, as many bear ideas become invalidated, and may bull ideas become confirmed. As some would call it, a max-pain scenario for a top.
Following that, my analysis suggests that we will be seeing much lower prices before 2025.
Currently I am targeting $8,800 and $5,555 for accumulation zones.
This is just an update that we are indeed on track with the plan, anticipating to enter the 35k-37k price zone before the bear market continues.
This zone is a strong psychological pivot, as many bear ideas become invalidated, and may bull ideas become confirmed. As some would call it, a max-pain scenario for a top.
Following that, my analysis suggests that we will be seeing much lower prices before 2025.
Currently I am targeting $8,800 and $5,555 for accumulation zones.
Note
The Bullish Target has now been reached as planned. Expecting some weeks of a topping formation, potentially deviating a bit higher.However eventually we will start seeing bearish acceleration to the targets mentioned above.
Discord: discord.gg/zwmaKKPsTg
Hawk Liquidation Theory: medium.com/@FinanceHawk
Algo: tradingview.com/script/1BLhORNz-Alpha-Numerologia-by-Alien-Crew/
Indicator Private Access in Discord.
Hawk Liquidation Theory: medium.com/@FinanceHawk
Algo: tradingview.com/script/1BLhORNz-Alpha-Numerologia-by-Alien-Crew/
Indicator Private Access in Discord.
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