Today, you have two fractals with a positive scenario at the base. While the $19,800 mark is under the control of buyers, these two scenarios are completely real.
Quick scenario – growth from the current price of BTCUSDT to $180000 by the end of May 2023. In this scenario, the last dangerous actions of the sellers in an attempt to push the price of Bitcoin to $19800 are currently underway. If buyers show their strength in the form of increased volumes and aggressive candles on the weekly timeframe – September 2022 will be quite a successful month for the growth of Bitcoin.
Thorny path – predicts a protracted consolidation of the price of Bitcoin in the range of $20,000-26,000 until May 2023. And only after that, long-term growth can begin with a goal of $230,000 by June 2025.
Alternative Bitcoin forecast to $12,000
In both scenarios, the critical point is the level of $19,800.
If the price of Bitcoin is fixed below this level, then the next strong support from below is far away – around $12000 per BTC. In this case, it will take a long time for a new global wave of growth!