Is BITCOIN repeating the Genesis Bull? All eyes on $16000!!

Bitcoin reached yet another benchmark ($13000) which seemed impossible at the beginning of the year and bullish investors say "we want more"!

At least this is what I said and got greedy (Target 10400 and 12300) when the price was even below 9000, but on a clear accumulation phase according to the pattern below:


Even the infamous BTC/ GOLD comparison gave a clear buy signal to 12700 4 days ago:


Who would have thought of a target near $13500 by July, right? But this pattern was pretty clear about it both on target levels and expected duration:



Anyway the question is what do we do now?

Well the answer is keep buying!!

Based on a detailed analysis of the current parabolic rise on the 1D scale we can see that it is repeating the cosmogenic bull cycle of BTC in 2011 (on 1W), the infamous "Genesis Bull".

In 2011 with just two slight breaches, the 1W MA10 supported the parabolic rise all the way until the cycle's peak. Two times the price consolidated, in an attempt to accumulate more capital.

The current parabola (on the 1D scale) has already had the two consolidation/ accumulation phases, indicating that we may be at the final stage towards the pattern's peak with the 1D MA20 supporting (again with only 2 minor breaches).

The key to this comparison however is the RSI. In 2011 it made a Triple Higher High rejection on a 5o slope before breaking down. We see a similar pattern with the third rejection pending.

The 2011 RSI's High to High distance growth rate is measured at +21.42%. Assuming the same sequence will be followed today, I have calculated the last High to High to be 50 days, which sets the maturity date on July 2nd! How high can the price go? If the first to last High sequence of 2011 is followed on a 48o gradient, then it will be around $16000 this time!!

Can BTC rise another +25% in less than 1 week? Sounds crazy but the current parabola has shown that it certainly can!

But as always your opinion matters to me most (negative or positive). Do you think that BTC is repeating the Genesis Bull all the way to $16000? Even higher? Let me know in the comments section!!