A possible Top for BTC in the Bull market by percentage increase
First of all I want to tell you that this is my personal idea about the potential growth of btc using mathematical calculation and does not represent financial advice, keep in mind that BTC price is at a MACRO 0.382 bearish fibonacci retracement point, so anything can happen from this point froward, as BTC price has already increased by 127% from the bottom to this local top.
In short, the potential BTC price peak for the next bull market is calculated from the percentage growth from the previous bull markets and we saw a 5.098 times decrease in the percentage growth rate, which applied to the price from the 0.382 bearish retracement fibonacci point results the approximate price of 122000 USD for 1 BTC.
Looking at monthly CCI with the length of 50, we can observe a support/resistance range for CCI indicator between 20.75 and 27.38.
After CCI indicator crossed the 27.38 line on 1st November 2015 the price of BTC increased with 6176.31% from the candle close of the crossup to the top of the bull run, as you can see in the next image:
In the last bull market after the CCI indicator crossed the 27.38 line on 1st April 2019 the price of BTC increased with 1211.30% as you can see in the next image:
And now the BTC price is below this macro bearish retracement 0.382 fibonacci point, considering that the price will go up and the CCI indicator will close the month of November above the level of 27.38, dividing the percentage increase from the last bull market to the result of the potential growth rate of 5.089 we get a potential increase of approximately 237.56%, resulting in the potential bullish market peak for BTC of USD 122000 for 1 BTC.
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In short, the potential BTC price peak for the next bull market is calculated from the percentage growth from the previous bull markets and we saw a 5.098 times decrease in the percentage growth rate, which applied to the price from the 0.382 bearish retracement fibonacci point results the approximate price of 122000 USD for 1 BTC.
Looking at monthly CCI with the length of 50, we can observe a support/resistance range for CCI indicator between 20.75 and 27.38.
After CCI indicator crossed the 27.38 line on 1st November 2015 the price of BTC increased with 6176.31% from the candle close of the crossup to the top of the bull run, as you can see in the next image:
In the last bull market after the CCI indicator crossed the 27.38 line on 1st April 2019 the price of BTC increased with 1211.30% as you can see in the next image:
And now the BTC price is below this macro bearish retracement 0.382 fibonacci point, considering that the price will go up and the CCI indicator will close the month of November above the level of 27.38, dividing the percentage increase from the last bull market to the result of the potential growth rate of 5.089 we get a potential increase of approximately 237.56%, resulting in the potential bullish market peak for BTC of USD 122000 for 1 BTC.
If you liked the idea and want to see other similar ideas, please share it and subscribe.