Bitcoin hitting a $60,000 double top in early November
Based on a fractal of MVRV Z-Score.
Most people seem to think we are gonna be in these low levels for a while and that the next top will be in 4 years time. I think we are yet to reach the cycle top and that Bitcoin is emulating the 2012-2013 bull market with 4 tops. 1st top was in June '19, 2nd top was in April '21. We are currently just starting the 3rd inner-cycle. This idea of the $60,000 top in early November is only about the initial rally or, in other words, about the beginning of the 3rd inner cycle with an expected top in 2023.
Just my two mites.
Most people seem to think we are gonna be in these low levels for a while and that the next top will be in 4 years time. I think we are yet to reach the cycle top and that Bitcoin is emulating the 2012-2013 bull market with 4 tops. 1st top was in June '19, 2nd top was in April '21. We are currently just starting the 3rd inner-cycle. This idea of the $60,000 top in early November is only about the initial rally or, in other words, about the beginning of the 3rd inner cycle with an expected top in 2023.
Just my two mites.
Comment:
Wrong! The first low, first high, and second low of the MVRV Z-score are in - new projection based on these numbers will be made.
Comment:
Wrong! The first low, first high, and second low of the MVRV Z-score are in - new projection based on these numbers will be made.