This call was made on April 22nd when $BTC closed below the 600 DMA. Two previous events in 2018 and 2020 led to 52% and 45% losses respectively. This time, a 50% loss would mean #BTC at $20,000.
Since the call, BTC lost 35%, bounced and seems to be losing steam.
The initial call chart:
Let’s analyze recent technical signals and the perspectives for the next moves.
This BITCOIN overview discusses:
– candle charts and corresponding technical events for BTC;
– a classical pattern with the target;
– short and long term EW perspectives for BTC.
It is highly recommended to read the BITCOIN Monthly (link).
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