This analysis is based off of Fibonacci time cycles. Basically Fibonacci levels, but for time instead of price. Price tends to fall once levels are reached. Next major level occurs in early April. Price will likely have a prolonged multi year bear market starting in April. As a side note, all major bitcoin buyers are in. When buyers dry up, bear markets start, because their is only cascading sell pressure left in the market. Mt. Gox individuals will also be selling their bitcoin as soon as they get them. Price may go up from here, maybe even in parabolic fashion, it need not follow the blue arrows right away, it just means in April bear market could start. Price is up 6 million X. Time for a correction. BTC mining is destroying the environment, it is just not sustainable to keep going up. Also it is the AOL of blockchain, outdated and soon to be replaced as the official digital store of value. *HEX* will overtake Bitcoin for that role. No miners, more secure, high yield trustless interest, and insane price appreciation due to superior tokenomics This will attract wealthy individuals to store their money and earn real interest that the government and banks will never provide, in a peer to peer decentralized system. Bitcoin can only go up a little from here maybe another couple x. Bear market incoming.
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Not to mention, the NFT mania is also a sign that the top is in, when you have pictures selling for millions of dollars that are worthless, when worthless things are selling for high amounts, its a sign that a bubble is about to pop. In addition every old man walking down the street is talking about bitcoin, which is a strong sell signal. Pricce could reach 100-150k or drop from here it doesnt matter. Early to mid april will be the start of a bitcoin bear market.