Very interesting analysis, so it's a pull between the $37k level and the $63k level, based on the movement, it again proves that the month of February and March is the months of correction, so we'll see how things will turn up in the coming days and weeks, I am hoping that it will end up in the $63k level, not only me but we all are.
If the area between $42,000 and $44,000 holds, upward continuation is likely. In that case, the point of interest at $63,000 is still on the table.- I think that's hard to say. Whether it's between $ 42,000-63,000 or we go beyond that. PlanB and its calculation of the stock to flow also shows 4 phases of a bull run and 3 corrections can be seen there. But i don't want to make a big analysis of it, but rather show you something.
That 63k is on the table and looks to be the most promising potential and there is a very very risky thing going on from the both ends of the situation. Because we are seeing people who think it will be under 20k and there are people who think it will be 100k+ as well, those are both wrong, I do not think that bitcoin will neither be under 20k nor will be over 100k its going to be somewhere around that 63k level and people do not realize that.
This is why I believe we are going to end up with a decent price and that decent price will not be liked by anyone, even though its cool to see bitcoin at around those 60-60k levels and I would be happy with that, there will be plenty of people upset that they sold thinking it will go up and there will be some that think bitcoin price will be 100k so 60k is nothing to be happy about neither. This is the problem we are facing.