Hello friends! I'm Gustavo Corrêa and I'm going to bring some of my modest reading about the future of BTC.
Let's separate the chart into two parts: 1- Cycle 2017 - 2019. 2- Cycle 2021-until now.
Note that there appear to be 4 events in these 2 cycles, identified in the sequence graph.
1- In the first cycle we see that the price worked under an LTB and above a support line. At first there was a breakout above the LTB, but it failed. Shortly after it fell sharply below the support line. 45%. After that, a new price run began.
2- Now see the similarity with the second cycle to the right of the graph. We have prices doing exactly the same route with the same dynamics. At the moment we are in movement 3, where there was a fall of the same 45%.
The question that remains is? Are we going to have a new bull run from here? The truth is that we don't know, but human behavior always repeats itself and it is possible that the same thing will happen.
What do you think? Comment down below and leave your boost to support my humble work!