BITCOIN PREVIOUS BULL MARKET =
As per the monthly chart,previous bull run occurred in 2017, where it hit an all-time high of $19800( around). after the peak,Bitcoin dump and hit a bottom of $3120. which was 84% down from its all-time high. This downturn made many investors panic and assume that Bitcoin's target would be $1000 and market prove wrong all of them and run back and Bitcoin made a strong bounce from the $3120 level. After the 2017 bull run, Bitcoin again reached $13850 in 2019 and it was pre halving run. then we all knOw black swan event happen and bitcoin again dump 70% and This time, it went down till $3913, after third btc halving occurred and we saw insan bitcoin run and hit all time high of 69000$.
Bitcoin's Current Scenario:
Bitcoin's last bull market all-time high was 69000$, then btc experienced a hard dump till 15480$, which was approximately 77% down from it s all-time high. In the current bear market scenario of 2022, Bitcoin tested a new bottom of 15480$, and many traders think btc will come 10000$ and market prove wrong all of them and run back and currently hit 31000$ mark. according to me its pre halving movement..and our main target is 42000$ and 48000$ bcoz there is fib 0.5 and 0.61 level but also may be btc can form head and shoulder if it will form then btc will reach 60000$ and then dump to 30000$ it will 50% dump and market shaking out weak hand then forth halving coming.. after halving we will see insan btc run and this classical pattern target will be 180000$ to 225000$.
lets go
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