1. Horizontal resistance and support lines were defined using Fibonacci retracement.
2. It is possible to see that the value of BTC follows within a Gann Box channel. I have marked in yellow the path that BTC has followed so far, and estimated the path that BTC could follow by the end of the year.
The reason BTC goes up to 165k$ in the last weeks of December is because I take into account the BTC cycle every 4 years:
Peaks: November 2013 - December 2017 - December 2022
2. It is possible to see that the value of BTC follows within a Gann Box channel. I have marked in yellow the path that BTC has followed so far, and estimated the path that BTC could follow by the end of the year.
The reason BTC goes up to 165k$ in the last weeks of December is because I take into account the BTC cycle every 4 years:
Peaks: November 2013 - December 2017 - December 2022
Commento:
