Bitcoin May 2023 Forecast - 12 Months of Accumulation

The chart is telling me that we could see the next 6-9 months slowly grind lower as the global economy enters recession. This will be a great opportunity to scale into long positions slowly for Bitcoin as we gear up for 2024-2025 bull run. If you can get an average price between 21K - 25K you will be nice and cozy in your position for the next two years. Upside target is between $100K-$250K for this next bull run. Please manage your risk carefully as this is truly the only thing that you can control.

Best of luck.

Blorenz

Commento:

Looks like we are on track here