BTC: Crazy and unlikely ATH prediction, vs an earlier prediction
More probable to just reach 20k by the end of this year.
But here's my previous, and in my view, probably prediction of the next ATH using the LVDT dynamic guide bands/levels. (previously named "Bifrost Guide Bands") at the time.
Target: ~280kUSD @ ~Feb 2021
In previous cycles, the bull market came in 3 phases.
1) The first phase is where the price remains range bound between the red LVDT level and the black 100 sma,
2) until it eventually breaks the red LVDT level and enters the 2nd Phase (the start of the parabolic phase) remains range bound between the red and the pink LVDT levels,
3) and finally it breaks the pink LVDT level and peaks when it hits the final orange LVDT level.
However, for the current market cycle, we jumped straight into Phase 2!
But here's my previous, and in my view, probably prediction of the next ATH using the LVDT dynamic guide bands/levels. (previously named "Bifrost Guide Bands") at the time.
Target: ~280kUSD @ ~Feb 2021
In previous cycles, the bull market came in 3 phases.
1) The first phase is where the price remains range bound between the red LVDT level and the black 100 sma,
2) until it eventually breaks the red LVDT level and enters the 2nd Phase (the start of the parabolic phase) remains range bound between the red and the pink LVDT levels,
3) and finally it breaks the pink LVDT level and peaks when it hits the final orange LVDT level.
However, for the current market cycle, we jumped straight into Phase 2!
Comment:
The purpose of this published chart is just to illustrate how insanely crazy the BTC price run up have been so far.
Comment:
Wondering if what happened in 2014 will repeat itself again?