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RE: The Cycles Of Bitcoin - Get Ready for a paradigm shift!
Great post this is the second chart I’m seeing with the same trajectory. I believe were in accumulation period right now with a market reversal coming soon after the longest bear market in bitcoin’s history. Im BTC long too definitely but I would look to take allot of profits around the 75,000 levels and sell it all once market reversal is confirmed and wait to buy back in again. I hodled through the last bull market all the way till now.
I learned my lesson. I was completely new thought we were going to a million without understanding markets then. Ive learned allot since then.
I followed and upvoted you. I liked your post. 👍
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I really appreciate it! Based on these technicals and all past BTC data ( and assuming this pattern repeats again as it has 4-5 times already), my estimate is the market will pump to roughly 90,000 by April or May 2020 but definitely within this estimate, there is a margin of error, I'm looking between 70k to 100k. From there expect pull back to 20kish march/april 2023. Then Pump to 280K by june 2025.
This analysis is based off all prior bitcoin data. This I'd venture to say is the most likely scenario but of course, other external events, a change of the fundamentals, or competition could affect this positively or negatively for BTC price. Hope that makes more sense. (It's more clear if you check it out on trading view so you can actually manipulate the chart and get a better view - link--- https://www.tradingview.com/chart/BLX/LZLdkUG1-The-Cycles-Of-Bitcoin-Get-Ready/
Yeah ima give it an in depth look on tradingview but I like your estimates and I expect the same. Nows the time to cost avg and accumulate again. Wish I had known market cycles in the beginning but Ive learned from my mistakes. Crypto is basically the first asset class I’ve really invested in. I went from 12x my investment to down 80% on my initial investment. SMH I bought more when I should of sold.
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