This one is pretty self-explanatory.
I drew the logarithmic trend channel, and drew a repeat of the 2013 cycle.
If such a thing were to occur, the new target estimates are 50K for the first top, end of december/ beginning of january.
Then bouncing between 10K and 30K for a few months like in summer 2013.
Then the end of this hype cycle at 100-200K.
Then a pretty brutal bearmarket like in 2014 and 2015.
Then the start of the next hype cycle after the halving 2020.
I drew the logarithmic trend channel, and drew a repeat of the 2013 cycle.
If such a thing were to occur, the new target estimates are 50K for the first top, end of december/ beginning of january.
Then bouncing between 10K and 30K for a few months like in summer 2013.
Then the end of this hype cycle at 100-200K.
Then a pretty brutal bearmarket like in 2014 and 2015.
Then the start of the next hype cycle after the halving 2020.