In the last bull run temporary highs topped around the 2.4 Mayer Multiple. And the final blow-off top, topped at the 3.5 MM.
So far this run it has played out identically.
The current consolidation has put the btc price below the 1.7 MM again, so we can go up for another leg up.
The current 2.4MM is around 92k. With a still rising 200MA 100k is not unlikely as a temporary cool down stop.
Will bitcoin push through and top out at the 3.5MM again, or cool down there, and consolidate for another leg up even?
So far this run it has played out identically.
The current consolidation has put the btc price below the 1.7 MM again, so we can go up for another leg up.
The current 2.4MM is around 92k. With a still rising 200MA 100k is not unlikely as a temporary cool down stop.
Will bitcoin push through and top out at the 3.5MM again, or cool down there, and consolidate for another leg up even?