$BTC summer rally idea:


In the previous midterm year, Bitcoin put in a local low around June before rallying roughly 43% (around a 7.6k move), topping out in August before ultimately finding the cycle low in November.
If we see a similar structure develop, the Point of Control (POC) around 66.8k appears to be a reasonable initial target. From the current lows, that would represent roughly a 15% move higher and an 8.8k surge in price.
A more bullish scenario would see price reclaim the monthly open, daily 200 MA, and Value Area High (VAH), putting Bitcoin in the 73.5k-78k region. That would imply a 26-34% rally, or approximately a 15.2k-20k move from the lows.
Personally, I think the latter is an optimistic scenario, but I’m open to seeing a similar fractal to the previous bear market play out over the coming months.
BTC-0.96%
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