ππ«π²π©ππ¨ πππππ‘ππ« π π¨π«ππππ¬π - BTC will go to 35K and then down to below 25K Oops there it is, one week later than expected...or better than I forecasted but it arrived, the June relief rally is here. Unfortunately, itΒ΄s very likely that itΒ΄s not here to stay. So let's recap what happened. In short, what goes down, will go up. We had 9 weeks of down so it was time to see some green because even a bear market has its moments. Now quickly why are we up? Well, some positive news on lesser lockdowns from China, and the dollar finally going down pushed the stock markets up a little last week. Now it took a bit longer for crypto to follow as this is a "donΒ΄t touch risk assets" period and some people still consider it the riskiest asset. Did we have relief rallies before? Yes, we always did. Look at March 2014 a almost 50% up from $360 to $660. And in 2018 40% and 30%. What does that mean for 2022?Β Well if we will see a 40% rally from the 26K bottom we should end up around 36-37K, I can be a K or two off, but 35 is a sure thing if you ask me. Does that mean we got rid of the bears? Not at all, we are still in the woods with the bears trying to outrun them. This is working for now, but I am sure the bears will catch up with us in July and we will see a new lower low. Just like in July 2018 and October 2014. #crypto #BTC #Bitcoin
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