$112k Cycle Peak, $214k Cycle Top
Possible Scenario For BTC.
What we have is a weekly chart, with a log growth curve which illustrates how bitcoin has grown logarithmically over the years, and helps to spot potential future market peaks.
I've combined this with a couple trend lines to give us potential scenarios.
One being, we top out around May this year at 112,000$ or slightly higher.
We then correct down to the second trendline, if I had to guess, would be $62,000, then a continuation on to $214,000+ By October 2022. It may happen sooner. It may not happen at all before the next halving cycle. All we have is data, charting tools, and the power of crowds with our Technical Analysis.
If lots of other analysts are seeing similar patterns, it's more likely to become a self-fulfilling prophecy.
What we have is a weekly chart, with a log growth curve which illustrates how bitcoin has grown logarithmically over the years, and helps to spot potential future market peaks.
I've combined this with a couple trend lines to give us potential scenarios.
One being, we top out around May this year at 112,000$ or slightly higher.
We then correct down to the second trendline, if I had to guess, would be $62,000, then a continuation on to $214,000+ By October 2022. It may happen sooner. It may not happen at all before the next halving cycle. All we have is data, charting tools, and the power of crowds with our Technical Analysis.
If lots of other analysts are seeing similar patterns, it's more likely to become a self-fulfilling prophecy.
*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
Related publications
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.