$100,000 by 16-07-2021 Idea taken from: pbs.twimg.com
Made a simplified version for you. Hope this helps. Accumulation zone would be around 0.10-0.20 cents.
Cup from 2014-2017 was twice as long as the cup from 2011-2012. As long as we stay above the channel, bitcoin remains bullish. Lowest I see it going and staying within the channel is $5000-$5700 Let's see.
Current Position: Neutral (Cash Position) Reasons for a bottom: (1) Stacked orderbooks - data.bitcoinity.org (2) Institutional money buying up fear (retail market trying to sell down price) (3) Bitcoin Mining Price Break-Even = $6900 If this truly is a bottom - I expect the price to consolidate around this zone ($6900-$7500) for a few weeks/months. *Should...
Will we see a massive shakeout in crypto over the next 6-18 months? Let's see.
Should this chart be correct, we are currently in the complacency stage of the cycle. Thus, one should expect further sideways and eventually a move down towards $2000-$4000 BTC. Let's see..