Leb_Crypto
Long

$250k EOY 2021: a study of price action along the monthly BBs

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi everyone,

Welcome to another idea on Bitcoin's long-term cycle.

The main observation I realized today was this:

After testing the top of the Monthly Bollinger Bands for the first time, Bitcoin enters a long-term bull-market and keeps hugging the upper band until the end of the parabolic rise to new ATH .

We're at that now, almost exactly like August 2016.

Projecting an identical curve from August 2016 to Dec 2017, we can project the EOY 2021 price of Bitcoin (assuming $BTC will top out there) @ around $250,000.

This is definitely not an accurate price predication - but it is very telling of where we are and the bullish potential that bitcoin has in the coming 2 years.

Cheers,
Leb Crypto
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