Hello everyone, this is the first analysis I post here, so if you have any feedback, that would be much appreciated.
Not trying to forecast, but to speculate, this historical analysis points to where we can go from here. There are plenty of things to consider while looking at this chart:
1) Historically, BTC's exponential growth has never allowed it to have a bear market bottom under it's previous cycle ATH as seen as the green zones at the chart. Considering a diminishing price volatility due to Market Cap growth, our future bear market price could be speculated in the range between 29000 USD and 51000USD. For this analysis we will be considering the former.
2) As seen as the purple zones at the chart, the difference between each bear market bottom and it's cycle top ranged between 614% average in our previous 3 cycles. Considering the diminishing difference seen at the charts, we can argue the possibility of BTC reaching a price ranged between 150000 USD to 211000 USD this market cycle.
3) Finally, one last thing to consider and help supporting the thesis of a 150k+ BTC is the clear evidence provided by the red zones and line at the chart. BTC's exponential growth shows that every bear market bottomed at the red line (disregarding 2011) after a 80%+ drop. This consistent data supports the idea that BTC might peek in between 150k (followed by a 80% drop) and 211k (followed by a 86% drop).
To sum up, this speculative analysis shows us that we might be in the beginning of a massive move that would follow by a equally massive correction.
If you read until here, you are welcome to give this post a thumbs up and some feedback :)
Happy trading everyone.
Not trying to forecast, but to speculate, this historical analysis points to where we can go from here. There are plenty of things to consider while looking at this chart:
1) Historically, BTC's exponential growth has never allowed it to have a bear market bottom under it's previous cycle ATH as seen as the green zones at the chart. Considering a diminishing price volatility due to Market Cap growth, our future bear market price could be speculated in the range between 29000 USD and 51000USD. For this analysis we will be considering the former.
2) As seen as the purple zones at the chart, the difference between each bear market bottom and it's cycle top ranged between 614% average in our previous 3 cycles. Considering the diminishing difference seen at the charts, we can argue the possibility of BTC reaching a price ranged between 150000 USD to 211000 USD this market cycle.
3) Finally, one last thing to consider and help supporting the thesis of a 150k+ BTC is the clear evidence provided by the red zones and line at the chart. BTC's exponential growth shows that every bear market bottomed at the red line (disregarding 2011) after a 80%+ drop. This consistent data supports the idea that BTC might peek in between 150k (followed by a 80% drop) and 211k (followed by a 86% drop).
To sum up, this speculative analysis shows us that we might be in the beginning of a massive move that would follow by a equally massive correction.
If you read until here, you are welcome to give this post a thumbs up and some feedback :)
Happy trading everyone.