As BTC broke up a level of above 24k and reached 24918 yesterday. And exactly a sign to move above 26K. Market is still in Bullish manner. Market is creating a momentum and recovering but it's looking like a short term. Bearish momentum is below than 21K. And if Bullish sustained then 28 to 30K will be acceptable.
Your analysis is what big whales and institutes want you to see. We are not bullish my friend, we are in a bear market.
You can see the below chart, jab tak hum 32-33K k level tak jein gay, market puri tarah bullish ho suki hogi. Har bunda kah raha hoa k ab new all time high ayee hi aye. This is where everyone going to lose big money.
We are not bullish, I can see we going to 12000$ in final Quarter 2022.
Moving as predicted here.
I usually follow the price action and this is what I see in the mid term. Currently, we are in a downtrend and the price will most probably move towards 31-32K, (towards the fourth leg shown in the chart) and then it will collapse down towards 10-13K completing the fifth leg. Usually, a healthy trend lasts for 5 legs before it changes the trend again towards bullishness.
Umer Bhai, I think the price prediction made in your post is based on Elliot wave theory which sometimes works and sometime it doesn't because foundation of Technical analysis is based on Historical data, means what happened yesterday same will happen tomorrow because history always repeats itself but my opinion about technical analysis is that it is not a perfect science, it is science of probability but not certainity. This is why many price predictions of
WORLD–RENOWNED analysts often fail.
Bitcoin can tumble down to 12K if inflation keeps on rising in USA and consequently US economy goes in recession which is not likely to happen becuase main trigger of inflation is crude oil and its price is falling continuously. DYOR
