Long

BTC cycles - price targets for Q2 and Q3 2022

Aggiornato

progressive cycles forming.

April 26th's lower wick confirmed the closing of the 60 day cycle, started on Feb 22nd. A move to the upside has begun, targeting the 50 000 to 51 000 range at the start of June, followed by a consequent move to the downside which will complete a 120 day cycle around August 22nd-24th with support at ~44 500.

These targets have acted as resistance and support in the past, and are also fitting the current channel in which Bitcoin is slowly trending up.

Commento

600D SMA continuing to act as support, and trending up as well, in pace with the support trendline.

Commento

Edit:

April 25th lower wick, 60 day cycle start is Feb 24th.

Adnimal

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