Hi everyone, I spent some time today comparing the current BTCUSD scenario with what happened post peak in 2013/2014. Basically, after its peak in the 2013/14 cycle, BTC entered a bear market and reached its bottom after 14 months, back to the 0.786 fibb retracement line.
If the scenario is repeating itself, my estimations are as follows: - BTC reaches the bottom of bear in 60 weeks from now, which puts us into Mid March 2023 - If the bottom is around the 0.786 fibb like last time, we bottom at around 17792 mark - For it to reach the ATH of 2021, we would be looking at 1188 days from the peak in Dec/2021, or the first week of April/2025 to be more precise.
As usual, the market is dynamic and things can change with a simple twitter post by an influencer. We never know.
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