BITCOIN YEARLY AND PRIMARY CYCLES
As Mentioned in the previous report, the December close below 53-55k wasn't a good sign for a 'Bull- Market' and also the last day of the trading year closing below the Quarterly level of 48.2k.
Therefore my view is that price will move down to 42.5k, find some support, but I don't know how much of a bounce there will be - other than 52-53k (maybe 58-59k)
A Bear market is the first half of 2022, can take it down to 37-39k, but that could be in February / March - double monthly low - decent counter-trend move upwards.
39k is the 2022 50% level
ETHEREUM YEARLY & PRIMARY CYCLES
If BTC moves lower, then ETHEREUM most likely down into the January lows.
There seems to be a lot of support around those levels, as well as in the Yearly Cycles - 3200/3400
At the moment, it's leaning on the downside.
Final note - if this is a bear market, there will be 1 final bang higher in both BTC and ETH, which puts them around 58-59k and ETH 4500
if it hits those levels and then back under the Monthly 50% levels, we could see BTC around the mid 20k's again in December 2022