Bitcoin Analysis

UPDATE

I ran a few calculations but in simple terms broke down the BTC long term chart.

Just analyzing a short spectrum of data I got an interesting pattern.

So whenever BTC falls and confirms a bottom price, the next high after the bear trend is almost always 3-3.5x the bottom.

On short term data on 2017.

We dropped to $1600- bottom
5000- High.

We dropped to -$3000 after the China fud
High was around $8000 ish.

We fell down to $5.5k and then the next high was $20k.

So if keep that pattern in mind we can expect the next cycle ( mostly we move in 6 months cycles)

Around 21-22k + if we break last ATH we add a little of FOMO into it and we might see it around $25k( we wont cross 30k for sure on this leg up)

This logic for price only works if the bottom is $6k which is the data I have till now.

The lowest point of BTC in all logic shouldnt be below $3500-$4000 USD( yes its possible, not to scare or spread FUD but just based on the chart.)

These are just speculations nothing concrete and always do your own research.