Some bold prediction with the previous cycle applied.Here is a bold prediction with the previous cycle applied. White line is what happens in log scale if it happens like the last cycle.
Green lines are supports. Red ones are the resistances.
3 is the magic number. I expect the price to try for 3 times and break the 14000 resistance as halving approaches.
This is just a prediction; it may happen, it may not. We will see.
It just takes time. Patience is a virtue. Bitcoin will win. Slowly but surely.
(By the way this charts ath is $420.000 for a bitcoin)
Btctry
Bitcoin is still in very bullish patterns. Good Bye CorrectionToday, the price of bitcoin fell hard.
Of course, this price drop occurred after a news.
But the price of bitcoin fell to a previously known support and bounced back.
Look carefully at the technique. The price of bitcoin, which rose to Fibonacci-0.786, fell from there.
If it rises above the $ 13100 level, it will likely climb to the new top of 2019.
Meanwhile, investment in alt-coins is very dangerous. In today's harsh price drop, alt-coins fell more.
Bitcoin is stronger than ever against alt-coins.
In my analysis, most of the altcoins seem to be deleted in the future.
Isn't life like that anyway? Everything that multiplies quickly eventually decreases, and only the strongest survive.
If the market goes that way, many altcoin projects will look like the end of the dotcom balloon in the 90s.