I want to share my thoughts about Bitcoin. Probably many people won't like this, that's fine :)
alright,
As you can see, the cycle of 18 months is coming to a end. In my opinion, price could drop towards the $7000 region or maybe even lower. BUT, that doesn't meen that i'm a permabear. No, it IS a healthy correction. in the previous cycles, price also ALMOST made a 100% correction. So why should it now be impossible?
What if price is going to retrace towards the 78.6% fib? Which is falling inline with the long term up trend(line)? For me it makes sense.
I think it's not a bad scenario if we going in to a 8 month bearish market before we sky rocketing higher. Following these cycles, I think we could see REAL ATH's around May/June 2022.
Feel free to share your opinion with me. Feedback is also welcome!