Quote from: jaberwock on Today at 12:29:02 PM

From the time of you posted this, bitcoin market started to behave like repeating the history and it is into sideways movement around $51k levels which again may launch the prices into next resistance region which may happen around $58k levels and after having some more sideways between $56k to $58k levels, it may start the rally toward new ATH which might be above $70k levels.

As of now, I as well started to believe into the concept of repeating of history even in short time frame. It would be too good if you keep on posting similar speculations to help this community to understand where the bitcoin market is heading.

I am not expecting the rally towards 70k to happen anytime soon, but I agree that the rally towards 58k seems like the possible next move. Obviously I have to state that this is just my prediction and it is not a guaranteed thing, I am not a wizard that can see the future, I just feel like that's the "possible" next move. By the looks of it the 58k mark will be hard to crack, I mean we could have a huge bull run like we had many times and break through it, but unless that happens the next target 58k could be hit and stay there.

For a while we will move between 55k to 58k and go up and down around those prices. Only after that we will move to above 60k once again. Seeing how it took us a while to go beyond 50k again, and how we dropped few times and went above again, I have to say the 70k goal could take a month or two after we reach the 58k levels.