BTC/USD LONG TERM PRICE ACTION ANALYSIS
Looking at the Bitcoin history from the beginning, there has always been some sort of triangle form with a breakout and retest confirming the next bull run of the season. This is from the weekly chart and taking the previous cycle from about 3k (The bottom of the previous bear market) to 20k (The previous ATH) and projecting it to the future, it puts Bitcoin to about 200k USD. Forming a triangle as well. Now this is on the weekly chart so this could take anywhere between a year to about four. This puts Bitcoin at a 200k top for this bull cycle according to what history tells us. Remember, history doesn't always repeat itself, but it usually rhymes.
NOT FINANCIAL ADVICE!
Good luck traders!
NOT FINANCIAL ADVICE!
Good luck traders!
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