We’re continuing with the third part of the analysis, as mentioned in the previous posts, God willing.
The first part of the analysis was when Bitcoin was at 82 $ thousand for the first time and formed a bubble. We set a target around 55 $ , and the target was reached at 57 $ .
The second part was when it reached around 55 $ thousand. We set a target of 87 $ , which was reached, followed by a move toward 67 $ . Here it is 👇
We discussed the third part along with the second, and also mentioned the fourth part in the posts. After reaching 67 $ thousand, God willing, we’ll head back up again toward around 87 $ . The yearly close will probably be either 83 $ thousand or 78 $ thousand, most likely 83 $ , since it’s targeting around 87 $ again in December... Anyway, as we said, this move takes time, and we need to take advantage of rebounds, especially those who are in spot. This analysis is an attempt to define Bitcoin’s price range over these months, and God willing, it will be accurate about 90 or 95 $ —not 100%—because in the end, we offer an opinion, while God does as He wills. The 87 $ level remains under scrutiny, and 67 $ is also under scrutiny, since these are simply our boundaries...... Best of luck to everyone 😄