This is indeed a 'keep it simple' analysis consisting of 4 charts, each displaying a Bitcoin Cycle since 2012.
There is no need to overcomplicate things, the charts are pretty much self explanatory.
According to all 3 prior Cycles, BTC is on a rally supported by the 1week MA50, that is just over halfway completed.
It will not peak anytime soon and may very well be above $200k, even as high as $300k if the extremely optimistic scenario prevails.
Previous chart:
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There is no need to overcomplicate things, the charts are pretty much self explanatory.
According to all 3 prior Cycles, BTC is on a rally supported by the 1week MA50, that is just over halfway completed.
It will not peak anytime soon and may very well be above $200k, even as high as $300k if the extremely optimistic scenario prevails.
Previous chart:
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.