$BTC - will this rally continue to 69k ?
Hello my Fellow TraderZ,
Here, I have brought up with some unique observation.
You see { 1 } when in 2015, price marked its bottom. S.Rsi on Monthly from the moment it gave Bullish C.O. until it crosses the mark of 80 on S.Rsi. The price surged upto 233% from the bottom while it takes around 10 Monthly candles(303 Days).
{ 2 }, In 2019, from JAN 2019 to JULY 2019, S.Rsi showed similar movement while the price of #BITCOIN surged up to 350% from it bottom in 181 Days.
{ 3 }, The present scenario is the 3rd one. S.Rsi has finally give its Bullish C.O. and if we take the rising percentage similar to 2019 , we may see a test of the previous All Time High to 69K, which is ~ 300% from the recent BOTTOM. I am assuming this to take place somewhere between 6-10 months citing previous Trends which comes around the Pre-Halving Period(#2024) supporting Halving Theory satisfies #BTC Bull Cycle.
If such happens, welcome to the party of Blasts in #CRYPTO.
*Note : this is completely my speculation and #NFA.
CHEERS!!!
Here, I have brought up with some unique observation.
You see { 1 } when in 2015, price marked its bottom. S.Rsi on Monthly from the moment it gave Bullish C.O. until it crosses the mark of 80 on S.Rsi. The price surged upto 233% from the bottom while it takes around 10 Monthly candles(303 Days).
{ 2 }, In 2019, from JAN 2019 to JULY 2019, S.Rsi showed similar movement while the price of #BITCOIN surged up to 350% from it bottom in 181 Days.
{ 3 }, The present scenario is the 3rd one. S.Rsi has finally give its Bullish C.O. and if we take the rising percentage similar to 2019 , we may see a test of the previous All Time High to 69K, which is ~ 300% from the recent BOTTOM. I am assuming this to take place somewhere between 6-10 months citing previous Trends which comes around the Pre-Halving Period(#2024) supporting Halving Theory satisfies #BTC Bull Cycle.
If such happens, welcome to the party of Blasts in #CRYPTO.
*Note : this is completely my speculation and #NFA.
CHEERS!!!
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