I just want to show this chart and how the price of BTC has unfolded.
https://www.bitget.com/trading-bot/spot/BTCUSDT
The price could have gone up or down, so I had duplicated these parallel channels forward both up and down. Now, we can see the price went up, and how it has risen 3 levels.
It could have gone down, it could have gone more sideways. But it has been rallying.
These are just 6 hour candles since the beginning of July, and Bitcoin has gone up. Will Bitcoin continue to rise in July and August, or will there be another correction lower?
August is actually not so far away. The price would have to fall -34% from here to reach the 40k zone, and another -34% from there to fall below 30k. It would be surprising if Bitcoin fell to 20k, it might be unlikely but still within the realm of possibility by the end of the year.
When do you think Bitcoin will bottom this year?
What price will Bitcoin be in two years?
@Darkflame
