TradingShot

BITCOIN at $100000 by the end of 2023?

Long
BNC:BLX   Bitcoin Liquid Index
A lot of talk is being done lately about what most people will be the next market high: $100000, but more importantly when. I will keep this idea simple, as simple is the application of the Pitchfan tool on Bitcoin's historic cyclical run.

The top end of the tool is put on each Cycle's peak (the top of the Bull Market) while the other on the low (the bottom of the Bear Market). As you see this predicts the next top/ All Time High (ATH) fairly accurately:

- The December 2013 ATH was just below the lower (1) end of the Pitchfan.
- The December 2017 ATH was right on the lower (1) end of the Pitchfan.

If this sequence is repeated and BTC holders get the $100000 High they are after right on the lower Pitchfan band, then this should be approximately towards the end (September) of 2023.

Do you think that's accurate? Feel free to share your work and let me know in the comments section!

Please like, subscribe and share your ideas and charts with the community!

👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)

💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot

🔥New service: next X100 crypto GEMS!
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.