Here on this chart you can see similar patterns forming over the years. i think that bitcoin will continue to follow the same pattern for a few more years. according to these curves bitcoin should be at 200-400k by the end of 2021. i personally think that 200k is defiantly going to happen by the end of 2021. after we hit the price target of around 400k i think that bitcoin will crash around 90% (the average bear market crash for bitcoin) these curves + channel say that the bottom of the bear market (2022-2024) is 55k. according to previous patterns we should be at 55k in june of 2024. the next price curve + channel target is at 2 million dollars! yup, 2 million! according to these curves price should hit 2 million at the end of 2026! after these cycles are complete. 1) i believe price will start forming different types of patterns. i think a possible huge dump that will liquidate all long term +short term positions 2) we would have a huge spike that will make us go above 100 million dollars.
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.