Mid Cycle consolidation complete

in #bitcoin2 years ago

The next stop is looking like $100k for bitcoin

Based on previous price action we should be looking towards $100k in the coming months.

Possibly a lot higher than that.

If we take the prior tops and draw a channel, we get a price around $250k.

Check this out:

image.png

(Source: https://x.com/SenseiBR_btc/status/1834536609879842829/photo/1)

That seems crazy high at this point but it can surely happen.

Bitcoin tends to go higher than most people think.

I remember when we hit $20k back in 2017, the price was about $2k and I was looking for a move to $10k, it doubled that.

Then when we broke $20k I was thinking $40k.

We went $70k.

Now I am thinking $100k, so we probably going $200k.

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