BTC By 2017 Standard; True Bull Market is in the Next 90 Days
Updated
- Instead of using the halving date as an indicator for the start of the cycle. I took the first time BTC starting breaking its previous all-time high.
- By this measure, we were at a similar point in 2017 to where we are now [201 days after the ATH was first touched again]. Boring consolidation after a massive collapse of around 40%.
- In 2017, after the 200th day the price of BTC rose by almost 1600% in only 95 days
-Adjusting the movements proportionally to what happened in 2017, we should be looking at a ~230,000$ BTC in the next three months.
- By this measure, we were at a similar point in 2017 to where we are now [201 days after the ATH was first touched again]. Boring consolidation after a massive collapse of around 40%.
- In 2017, after the 200th day the price of BTC rose by almost 1600% in only 95 days
-Adjusting the movements proportionally to what happened in 2017, we should be looking at a ~230,000$ BTC in the next three months.
Note
There is a confluence between this analysis and stock to flow model for 230,000 target for this cycle.Note
Keep calm and HODL
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