We are just getting started with ETH. Gary is out and we will see some clarity related to altcoins. ETH will benefit from it and we should be seeing $12-15k top.
If the cycles rhyme we still have another 10 years of bull market.
This would be hell of a short bull market if we were to go into a 12 month bear market period. If we do then a $15k-$20k would be a perfect bottom entry region to load up for another 10x...
Is another dip on the way? Do we need a period of capitulation before another powerful wave to get to $100k-$150k by 2025?
Will the same pattern play off with one more flush down in the upcoming months?
DCA and wait for next halving... Target for new ATHs in 2024-2025...
Come on BTC, hold the line... let the trend continue... $100k by July 2022?
Are we finally bottoming at ABC correction? This should have given a lot of people and investment companies opportunity to buy at high discount compared to our recent top. It's time to start adding more positions for a long term hold...
Let's see if this projection comes out.
If ETH is really one cycle behind BTC and we repeat BTC's move from 2017, we should go to mid-low $20k. This would be a very bullish scenario...
Let's see if this speculations works out. Many people share the same target but their timeline is much shorter. I believe we won't see a $100k BTC until 2024-2025 but maybe I'm underestimating the interest here?
BTC is taking a breather in this bullish market. Refueling at $25k levels before the the next run to the upside and a 12345 wave... Another possibility (more bearish) is a corrective 12345 waves which would take a few months to complete and probably go as low as $18k-20k... Less likely in my view as the new ATH proved to many that the interest in 2017 wasn't...
Long term trend line is still in play and a retest before new ATH is probably going to happen soon.
Approaching key level of $10,040.00 which is aligning with a long term trend and 61.80% Fibonacci level often triggering reversals... Rejection is quite likely but with halving and devaluation of currencies around the world who knows what is in the books for BTC.
Good buying opportunities for those who were patient and continue to do so... I would start adding positions starting at 35% pullback and all the way down to 50%. Buy S&P, but don't overlook the most undervalued stocks that were hurt in this correction.