BTC view through March 2022. Price to $9-14k?

While I do think we're due for a bounce here. I think the highest that we're likely to go is ~$47k before we see a reversal lower. If we do manage to get above that level, then we'd have to break $52k and close above it for price to change bullish.

If we don't close above that range, then I think this scenario is likely where we'll see BTC at $9-14k in March of 2022.

Pivots, supports and timing on the chart.

Komentarz:

Upper resistance just tested at $52.8k, let's see what happens here. If we can't break above this level, then I still learn towards this bearish scenario playing out. If we can, I will reassess at the next weekly pivot (end of Sept).

Komentarz:

Welp... got the rejection I was expecting with a candle all the way down to the low $40ks. Scenario still in play.

Komentarz:

Again, only one bullish scenario from here: Break above that $52.8k mark. If that doesn't happen, then this scenario is still in play. Hopefully we get some sideways BTC action until the next pivot in October/November so alts can run before the market rolls over.

Komentarz:

Broke above $52.8k... still not invalidated yet. We need to close over that level and test it as support. I have a feeling this move is similar to the move back in March where bitcoin broke $58.4k and went to $65k and then closed back below which led to this bearish trend.

Let's see... I'm just waiting and watching to see what happens from here.