The SKYBTC weekly chart is at the end of a falling wedge with bullish divergence forming on the RSI. Assuming BTC goes 5x to 10X by the middle of next year from current price, we are looking at a $50 to $100 SKY for the same period if it breaks out of the falling wedge and reaches the target at the top of the wedge. That is a 100x increase from it's current...
I think BTC has bottomed based on extreme similarities with the previous bottom on the weekly chart. NVT, RSI, 50, 100 and 200 MAs all coincide with the current bottom. Also, the channels forming support and resistance are near identical to the last bear market.
The only thing missing from the current bottom is the big volume spike which occurred when the price...
If BTC follows this long term trend and peaks at about 1000% from the trend line ( as it did at the top of the last bubble) at the end of it's 4 year cycle, it will be at $500,000 in Q4 of 2022. Let's see how it plays out!
