🚀 $19217 could be the low before Bitcoin finally takes off! 🚀
🚀 $19217 could be the low before Bitcoin finally takes off! 🚀
Please read the following to understand the reason why.
🔍 Let's rewind to 2017: Bitcoin, at its peak, saw a significant drop from 20k to a seemingly daunting $3124.
Panic ensued, and the '1k charts' prophecy loomed. Many influencers are lost till today who were too stubborn to accept the reality!
💡 Here's the plot twist: Bitcoin didn't plunge to those depths. During the coronavirus dump in March 2020, Again, those nuts started calling for 1k charts dreading another nosedive.
However, the Corona dump's low was $3880, which is 24.2% higher than the previous low.
🤔 If, by some chance, Bitcoin experiences a similar setback, applying that same 24.2% increment logic, we could speculate that the potential low might stand at $192174.
🤔The same level aligns with the orange support trendline near to halving! (Look into the chart)
🚀As per fractals, the event could take place in the first quarter of 2024.
CONCLUSION:- A new low is highly unlikely but any Black Swan event or the last sweep before the mega rally could take BTC to $19217 which might happen to one last time to buy BTC below 20k!
What do you think about it?
Do you think BTC could make a new low?
I'll make sure to keep this chart up to date. Please consider bookmarking it, and if you find this data helpful, remember to share it.
#BTC #BitcoinETF
Please read the following to understand the reason why.
🔍 Let's rewind to 2017: Bitcoin, at its peak, saw a significant drop from 20k to a seemingly daunting $3124.
Panic ensued, and the '1k charts' prophecy loomed. Many influencers are lost till today who were too stubborn to accept the reality!
💡 Here's the plot twist: Bitcoin didn't plunge to those depths. During the coronavirus dump in March 2020, Again, those nuts started calling for 1k charts dreading another nosedive.
However, the Corona dump's low was $3880, which is 24.2% higher than the previous low.
🤔 If, by some chance, Bitcoin experiences a similar setback, applying that same 24.2% increment logic, we could speculate that the potential low might stand at $192174.
🤔The same level aligns with the orange support trendline near to halving! (Look into the chart)
🚀As per fractals, the event could take place in the first quarter of 2024.
CONCLUSION:- A new low is highly unlikely but any Black Swan event or the last sweep before the mega rally could take BTC to $19217 which might happen to one last time to buy BTC below 20k!
What do you think about it?
Do you think BTC could make a new low?
I'll make sure to keep this chart up to date. Please consider bookmarking it, and if you find this data helpful, remember to share it.
#BTC #BitcoinETF
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