Currently we are at a cross between the upper level of the and the huge 50k . I believe it is unlikely for BTC to break through this resistance as you can see the is trailing and the price action is losing steam. You can see a similar movement happen during the run-up to ATH (illustrated by the blue curved lines). However, if BTC does break above 50k consistently, we could be seeing a rally back to 65k .
My buy zone is based off of the intersection of the bottom level of the , the long term “floor curve” of BTC (the bottom blue curved line), and the 20k significant resistance formed from the 2017 bull run and the beginning of the 2020 bull run. This intersection defines a buy zone of ~20k, anywhere from December ’21 to April ’22. I do not believe the price will go much lower than 20k at this time.
To reiterate, my buy position is ~$20-25k price point over a ~5 month period. Buying and holding until $200k+ in 2024 and beyond. Happy Trading,