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#BITCOIN's road to $162k by May 2022! Here's Why!Welcome to this Exclusive Analysis on BTC everyone. If you are reading my analysis for the first time, do follow me to get more complex charts in a very simplified manner I also post altcoin setups on Spot, Margin, and Futures . Let’s get straight to the point and zoom out the bitcoin chart and see how bitcoin bitcoin reacted after the last three halvings to understand the potential target for Bitcoin within May 22. First Halving The first halving of bitcoin happened on 26th of November 2012. After the Halloween the bitcoin price pumped all the way to $1140 with an increase of 9390.87% from its having low. We saw an almost 83% retracement after that which was a bear market for almost 420 days. Second Halving After the second Halving the bitcoin price made a low of $483 and then it started a parabolic move to almost $20,000 with an increase of 3914.50%. We saw the same 83% retracement after that and the price of bitcoin went as low as $3148. Third Halving The third having happened on 11th of May 2020. Before the Halloween I posted an analysis in which I speculated move from $7000 $132,000 per bitcoin by May 2022  I will leave the chart link below this analysis.  The bitcoin price pumped all the way to $64,840 the real question is whether the bull market is over or are we really Entering a new parabolic move for Bitcoin which will eventually end up with a new all-time high? IMHO as the chart speaks the bitcoin price bounced right from the 21 weekly moving average showing some strength for a parabolic move.  It is highly likely that bitcoin is going to make a new all-time high if it breaks the $53,000 resistance. The new target for bitcoin would be $162000 by May 2022! All that Bitcoin needs is to do is to hold the 21 Weekly MA and the 30k level! Many indicators are showing signs of strength in the market. However I would also like to point a bearish scenario with you all! You can see in the last two halvings the bitcoin price bounced  right off the 21MA and went below it after few weeks as shown in the little boxes B1, B2 and B3! This is why I have always pointed out that 21 weekly moving average is an important bull market indicator.   So basically Bitcoin needs to hold to support levels-and the 21 Weekly MA and number two $30,000 level if it does we are likely to get a new all-time I buy the end of May 2022   The overall Data I’ve shared in the first part of this analysis is still on board! Just the target has been increased by few percentage! It’s just 2.5x from 60k to be honest. So now you know what we need for the Bull Market to continue  Whats your thought win this?  Do you think it’s possible for BTC to make a new ATH or is it just a trap before we enter a Bear Market?  As shown in the Black box in the chart?   Do share your views and ideas in the comment section.  Do not forget to smash that like button. That little appreciation motivates me to make more high quality contents absolutely free for the community! Thank you    #PEACE

Elliot wave theory (the macro outlook) I won't explain what Elliot wave theory is here, but I will post a link for you to do the research on it if you are unaware here. www.investopedia.com In short cycles tend to repeat and Elliot waves is essentially how it's done. There are rules to how it works and what is required to be considered. (check above link for education on it) There is no doubt the the first 3 cycles of Bitcoin were text book Elliot waves. The question I am proposing is will it follow the first wave fairly similarly? If it does we have a long way to go with lots of legendary potential. It's also the best way to look at investing on a macro scale. *Those who don't know their history are doomed to repeat it*

Possible out come?This chart simply shares an idea. It's not financial advice. Bitcoin looks like it want to make another parabolic move although we are not I repeat NOT out of the woods just yet. Having said that there is more weight towards the bull scenario with confluence on bullish signals.

Bitcoin Analysis and Commentary BLX Optimal entry point directed on chart This is along a curve that has extended from the previous bull market top An observation I can't display on chart is that the 200MA is forming a somewhat "W" pattern, meaning the structure of the 200MA is in the form of a W Made a little spread between the entry point due to possible error while drawing the curve

Bitcoin whats next v3 and beyond I know this is a controversy posting, but i take this seriously and i will ignore people killing want to killing me for that .... Possible way for btc in the future .... THIS IS JUST AN IDEA, KEEP THIS IN MIND! DO YOUR OWN RESEARCH (IF YOU CAN)! DON'T BLAME ME WHEN YOU DON'T LIKE WHAT YOU SEE! And always look at the big picture ..... First red cycle would be the bounce from the support line. Second red cycle a small break through, the last green one a break of the trend line to go lower.