The bull-run of 2017/18 topped around 20k and the following bear market bottomed at 3.1k. If you use a Fibonacci tool. The summer rally (to 13k) was at the 0.618 fib level, and the next bull cycle top was near the 3.618 level. (note that this is on the regular scale. when you use the log scale the fib levels are 0.786 for the mid-rally and 1.618 for the next cylce top respectively.)
If the next cycle rhymes these are the levels of interest:
Fib level from top 69k to possible bottom at 15k.
A mid rally, in the summer of 2023 could bring us to the 0.618, ie 48k.
A next bull cycle top would bring us to the 3.618 level at 200k
If the next cycle rhymes these are the levels of interest:
Fib level from top 69k to possible bottom at 15k.
A mid rally, in the summer of 2023 could bring us to the 0.618, ie 48k.
A next bull cycle top would bring us to the 3.618 level at 200k