In May 2021, I published my view that BTC could retrace back to between around $11-16k by Feb/March 2022. As we approach this time, I've decided to review the analysis.
Bitcoin went on to create a new high after my previous prediction, but it has been in a steady decline since November 2021 now. It has put this back on track to potentially continue on down to the $16k mark.
I believe that if Bitcoin can break above the $46k mark and hold there, then it could potentially continue on to form the next bull run. At the moment, I'm personally still bearish on Bitcoin overall.
Bitcoin went on to create a new high after my previous prediction, but it has been in a steady decline since November 2021 now. It has put this back on track to potentially continue on down to the $16k mark.
I believe that if Bitcoin can break above the $46k mark and hold there, then it could potentially continue on to form the next bull run. At the moment, I'm personally still bearish on Bitcoin overall.
