Since the market structure of BTC has been broken (the uptrend starting in 2015), I think the next ATH will be a retest of this break-down, which means that the top of the next bullrun will be at around 100k. I think 9.8k is a perfect entry for me because it closes all CME-gaps (the gap at 3k is not significant, it was already wick-filled). Also, I believe that after 100k, there might not be a new ATH there will be a "lost cycle" without a new ATH. This is my idea and I will stick to it. I know there is a lot of emotions in the market because of the bad draw-down but to survive the market I believe it is important not to get angry, emotional or lose control.
Kommentera:
According to my idea it is sensible to expect a bounce to 28-30k this summer, around the end of August, with a decline that will continue until the new year. Consolidation at 9k - 12k range until breakout mid 2023.
Kommentera:
The prospect is well on track.