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shubbs
Sep 7, 2021 8:31 PM

Bitcoin right on the path to $140K by the end of December Long

Bitcoin / United States DollarCoinbase

Description

Sep 2nd, 2017 Bitcoin was $4980. An ABC correction ensued for 13 days until Sep 15th, 2017 when Bitcoin bottomed at $2975, a 40% correction.

Sep 7, 2021 Bitcoin topped at $52945. Another 13 days correction would be a bottom on Sep 20th and that would roughly correlate to Bob Loukas' right translated 60 day cycle.

What followed the $2975 bottom on 9/15/17 was a 3 month move to $19892, a 569% increase. If $42830 was the bottom, then another 569% increase in 3 months would take BTC to $282,250 by the end of December. I'm expecting at least 1/2 of that to 140K by the end of December to coincide with the top of the Bitcoin log growth curves which it has hit 3 cycles before in June 2011, Nov 2013, and Dec 2017.
Comments
kritikal77
I did one the other day along the same lines. The numbers and the history is all there. That is what technical analysis is all about; looking for patterns and cyclical behavior. I still believe there is a lot of room for growth and that we are still at the genesis of cryptocurrency. El Salvador just made Bitcoin their national currency. I feel that this is the first of many countries to follow suit. If this is the case, we can expect so see continued growth. Take a look at my chart I published the other day. You will see it's basically the same thing you have already postulated. I am not saying this is going to happen for certain, but I do expect a huge bull run. I have had the scoffers and mockers lash out at me, but I am sure the same happened to others back in 2013 & 2017 when they predicted a huge spike within a short period of time. Thanks for putting this out there!!

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