T.A Insights, How and when BTC will hit $100K.
Historically, BTC tests 200 weekly MA atleast twice in the bear market but do not spend much time below the 200 weekly MA, thats what happened back in 2014-15 and 2018-20.
This time, it has played out in little different way. This time, BTC spent many weeks below the 200 weekly MA and tested the zone multiple time.
However, BTC seems to close this week's candle above this zone and we will be moving up to the $39-45K and then we may see some correction UpTo 20% either in December-2023 or in January-2024.
After this final shake-out of the bear market, BTC will be all set to mark in new highs ($100K) in/untill the last quarter of 2024.
