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BostonG_BTC

Bitcoin to 6k by September

Bitcoin Liquid Index (BNC:BLX)  
BostonG_BTC Updated   
BNC:BLX   Bitcoin Liquid Index
Seasonality Fundamental Analysis
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seasonality fundamental
4 year cycle nearing completion. 2 months ahead of schedule.
Comment:
Bitcoin continues to follow a slightly accelerated version of the 2014 to 2018 cycle.

Weekly RSI bottomed Dec 2018 with 2 downward difficulty adjustments of the bitcoin mining network.

This is near-identical to the prior BOOM-BUST pattern where RSI bottomed in Jan 2015 and the Bitcoin mining network had a downward difficulty adjustment in May of 2015.

RSI bottoms are 1 month earlier than prior pattern and the downward difficulty adjustments are almost 6 months ahead of schedule.

Expect to be above $6k by September 2019 at the latest (in the absence of any major news like an ETF which would accelerate things.)
Comment:
Golden cross in approx 10 days. Still on target!
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