Using the .618 Fib line we can assume this is where we are within the 4 year period of Bitcoins run
Previous runs have shown rejections at this point, which is evident with the current rejection
I am placing my target at ~250k by the end of the 4 year Period
After this a Bear market may be entered
Don't underestimate BTC..
I do have thoughts however that this run will be propelled by Ethereum and the DeFi / NFT craze that has occurred, and a few assumptions based on chart structures
If it is propelled by Ethereum, this will be a first
Previous runs have shown rejections at this point, which is evident with the current rejection
I am placing my target at ~250k by the end of the 4 year Period
After this a Bear market may be entered
Don't underestimate BTC..
I do have thoughts however that this run will be propelled by Ethereum and the DeFi / NFT craze that has occurred, and a few assumptions based on chart structures
If it is propelled by Ethereum, this will be a first
Commento:
End of 4Year period by mid 2022