BTCUSD: A repeat of 2014? Worst Case Scenario A $2,500 Low
Updated
Part 3 of If Bitcoin Repeats History?. This worst case scenario extrapolates the second half of the 2014 bear market going into 2020 with ATL at $2,500 and new ATH in November 2021, as well as reaching $30,000 within the same year. This assumes a double bottom will form in April 2020 prior to the halving, followed by 1.5 years of accumulation/consolidation, with a new ATH being made 4 years after the 2017 ATH.
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If Bitcoin Repeats History?Part 1: Descending Triangle Looking Similar To 2018
Part 2: Measuring The Move of the Descending Triangle Breakdown
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Part 4: If Bitcoin Repeats History? Extrapolating 2012 Breakdown
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Forgot to point out and compare, but the extrapolated 2014 breakdown was based on a descending triangle too :/ Here's what it would look like in more detail...Comment
Part 5: If 2017 Descending Triangle Repeats? Best Case Scenario
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Part 6: If Bitcoin Repeats History? Monthly TD Sequential Red 1
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Part 7: Another Bearish Indicator: 200 EMA & MA Bearcross
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Part 8: Bitcoin's Full Moon Reversal 6 Month Pattern
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Part 9: TD Sequential 9 Next Week To Decide Direction?
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Part 10: Extrapolating the 50 & 200 Day MA bear crosses
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I now guesstimate the $2,500 worst case scenario as having a 2% probability.Reference: twitter.com/DragonOnRedirec/status/1206893152336011265
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