BTC what if price scenarios, Lengthening cycle playing out
Bitcoin currently hovering around 46-48K, the critical support level is at 52K. It needs to stay above 52K to maintain the bull market support band.
Lets say Bitcoin drops to the market structure low of 42K (Then what is the probable scenario that may play out . Of course it is also possible for BTC to fall below 42K as well.
I have overlayed the Run of January-2021 to April-2021 (28K to 64K) as denoted by the Yellow Curve from the 42K support level. Similarly also overlayed the graph of July-2021 to Nov-2021 (28K to 69K) as denoted by the Orange Curve from the 42K support level.
As an Economist & Academic I like to visualize the what if scenarios of BTC for the next couple of months. In my opinion, It is better to analyze things Quantitatively.
Hope this gives you all a better perspective .
Note: This is not financial advice, please make you own due diligence while investing.
Adit Doza, PhD
Postdoctoral Research Fellow,
University of Michigan
Lets say Bitcoin drops to the market structure low of 42K (Then what is the probable scenario that may play out . Of course it is also possible for BTC to fall below 42K as well.
I have overlayed the Run of January-2021 to April-2021 (28K to 64K) as denoted by the Yellow Curve from the 42K support level. Similarly also overlayed the graph of July-2021 to Nov-2021 (28K to 69K) as denoted by the Orange Curve from the 42K support level.
As an Economist & Academic I like to visualize the what if scenarios of BTC for the next couple of months. In my opinion, It is better to analyze things Quantitatively.
Hope this gives you all a better perspective .
Note: This is not financial advice, please make you own due diligence while investing.
Adit Doza, PhD
Postdoctoral Research Fellow,
University of Michigan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.