BTC in accumulation cycle in coming months

2022年5月23日

Key takeaways:

• Bitcoin entered accumulation phase for several months;
  
• Bottom can be as low as 10k, due to recession and other external factors;
  
• Big resistances at 30k, 40k and 50k (see resistance and support lines);
  
• Bitcoin halving Mar 2024 will cause a new bull-run;
  
• Disclaimer: If Bitcoin ETF will be approved, major upside will be inevitable. causing the premature exiting of the accumulation cycle.
  

2022年6月14日

註釋

Despite the nasty market downturns, nothing has changed to this story. It's still valid accumulation for at least 1 year.

2022年7月13日

註釋

(Grayscale) Bitcoin ETF is rejected. Which is bearish of course. So accumulation cycle is still unchanged.

2022年8月19日

註釋

BlackRock is starting to invest hard into BTC. This could and will drive demand enormously. If BlackRock's traded fund will be approved, this will cause the price to go to 250k without issue. And most likely much higher.

2022年9月6日

註釋

We are going to support level #3.