I was sure Bitcoin would drop bellow 6k as it is losing steam a.k.a. money. Followed the chart that I built pretty well and I still feel we will see BTC slide down this chart like water would and find support in the 3K-1K range and lye dormant there for about a year then take off and hit 20K easily for its next run to I would say around 400K.
Every time BTC has made an incremental increase it has been about 20x, then it will lose at least 60% of it's value and a crypto winter is likely for about 3 years. Seems to be about 3 years for every crypto winter but that may begin to be 1-3 years as this market begins to get adopted and its next Rise and Fall will happen much faster.
Over the long term BTC big 20x Rise and Fall will take much longer and collapse over night but regain much of its value within that first year of the collapse.
And I do know that the Hash wars is the media on the surface that crashed BTC and the fact that Roger and Craig are starting a war of chains and making people pick sides and they will likely sell much of their BTC to stabilize their chains.
These lines don't just show BTC price but market psychology.
Every time BTC has made an incremental increase it has been about 20x, then it will lose at least 60% of it's value and a crypto winter is likely for about 3 years. Seems to be about 3 years for every crypto winter but that may begin to be 1-3 years as this market begins to get adopted and its next Rise and Fall will happen much faster.
Over the long term BTC big 20x Rise and Fall will take much longer and collapse over night but regain much of its value within that first year of the collapse.
And I do know that the Hash wars is the media on the surface that crashed BTC and the fact that Roger and Craig are starting a war of chains and making people pick sides and they will likely sell much of their BTC to stabilize their chains.
These lines don't just show BTC price but market psychology.