I've created this because I've had literally tens of people messaging me asking for an updated chart - There isnt a huge amount to update from the last one- we topped at the right time, wrong price - I've retraced 80-85% and then onward to a price target of 330k. Trying to predict the price of a relatively new, risk asset in the middle of a pandemic and world war 3 is pretty poinless but this might be a bit of fun to track and its max pain for a lot of people, buying at 69k, seeing it drop into the teens then staying in the 20s for a year will flush a lot of people out... But like I say, I dont think price can be held that low for long, there simply isnt enough corn and theres a lot of hodlers now.
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Lookout... ( .)( .)
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As above, 12month bear, "dropped into the teens and stayed in the 20s for a year"
November bottom nailed. Sideways to halving. Moon still programed 2025.
See you in 6 months
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I have very little to add, another 6 months has passed, and we are still on track.
I would suggest with the news of an ETF we may not get the pullback around the halving time, and we just continue on up from here, but lets check back in 6 months around the halving to see how we are getting on.
Been following your Bitcoin analysis for a while now! Thanks for the update
TANINAT
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dropping 80-85% from a not reached top?!
BoardSurfer
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@TANINAT, I agree. We never had the 'blow off top' that the others' had, so I think we'll go up this year from here. We still could be in a bull run...
chromed
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@TANINAT, Agree, if it's not following past tops why would it follow past bottoms. Elk please redraw chart
I really appreciate this layout. Fantastic work! I think we are about to get a 40 day parabolic run, though. It is late because we had a double-top, but we will still likely drop to the bottom (whatever price that may be) by November, just as you have charted it.
nsprph
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It make sense that the ATH get tested or broken below. The ATH keep decreasing while the drops from ATH remain some what the same. So you are correct there is an increasing chance with each passing cycle the ATH will be tested and broken. Nice work!