hnizdos

hnizdos

A little reflection on the development of the price of BTC. Currently almost 0 interest from small retail investors. If we look at the price development since the top of the last cycle as a cup and handle (purple curve) or a growing orange channel, from the point of view of technical analysis, the target is between 115-130,000 USD. Around 100t, retail investors...

hnizdos

Likely breaking points are at the aforementioned levels. More downside than upside in my oppinion

hnizdos Updated 

If we look in the previous bull run, there are few main points: After the breakout of the falling price and weekly RSI resistance, it took BTC approximately 160 days to make a second peak at 0.618 fibo level Such a movement would take us to about 50k at around April 2023 There are actually many similarities - mainly the big channel that the btc stays in the...

hnizdos

My take on what is gonna happen: BTC is currently forming a bull flag, which should break up, within few days, taking us above 51k. There, after hitting a major resistance (golden pocket, measured from ATH to 29k) we should finally make a significant correction. Depending on the sell pressure, that would take us back to either 47k or even 42k, probably ending in...