BitcoinLong
The Path to 185k (Bitcoin)
There are two ways we can go up to 185k.
Red Bar Pattern
A massive impulsive wave starting January 10th -30th 2022 and then price consolidating sidways for a while before a 30-35% correction sometime March-April 2022.
This period during March-April will cause alot of panic selling and doubt in the market that the top is with Bitcoin at 120k , but price will come back down to the 1.618 at 85k before heading back up for a top at 185k.
Green Line Pattern
Price will gradually be moving up slowly grinding up to higher levels over time with a correction again around March -April. This option for me is much less likely because normally final legs of the bull run have much more accelerated momentum as greed turns the market in mass euphoria.
Red Bar Pattern
A massive impulsive wave starting January 10th -30th 2022 and then price consolidating sidways for a while before a 30-35% correction sometime March-April 2022.
This period during March-April will cause alot of panic selling and doubt in the market that the top is with Bitcoin at 120k , but price will come back down to the 1.618 at 85k before heading back up for a top at 185k.
Green Line Pattern
Price will gradually be moving up slowly grinding up to higher levels over time with a correction again around March -April. This option for me is much less likely because normally final legs of the bull run have much more accelerated momentum as greed turns the market in mass euphoria.
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