In the weekly time frame 200 SMA Support sits at 22k for a natural trend reversal target (which i believe can be reached this summer), while a typical 80% bear market drop would take us to 13k (EOY target).
On the other hand, FED's handling of the inflation, global supply chain problems caused by China and the developments around the war in Ukraine will decide the fate of the markets this year IMHO, so anything is possible. Depending on how ugly the events would turn out, we might see much lower prices. Here's hoping for the best!
On the other hand, FED's handling of the inflation, global supply chain problems caused by China and the developments around the war in Ukraine will decide the fate of the markets this year IMHO, so anything is possible. Depending on how ugly the events would turn out, we might see much lower prices. Here's hoping for the best!