Post
Topic
Board Speculation
Re: Bitcoin in 2022?
by
Yaunfitda
on 14/09/2021, 09:14:01 UTC
I see 2 scenarios happening, most likely won't happen until Oct/Nov because Sept is usually a bearish/neutral month.

If Bitcoin doesn't close below $40K on the weekly, I see if breaking the ATH and maybe going to like $75K or so in late 2021.

If it closes below $40K then, I see it either trading sideways or going to the $28K or even attempting to retest the previous 2017 ATH of $20K. Keep in mind that this might be a repeat of 2018 where everybody was expecting Nov to be a bullish month and instead it was the opposite. So its still a possibility that this will happen. Right now very little volatility and we are getting BARTS and pretty much trading with Pumps and Dumps due to low volumes.

$43k is most likely the support levels, if we dip then a bearish scenario might happen.

If not, then we can reach another all time high, maybe $75k is just a conservative estimates in October/November. There is a big news in November, which is the Taproot, unless it's going to be pushed for next year. So this will be the catalyst for another super bull run that might put the price to 6 digit levels.