What if point "B" is replicating point "A"?
Point A and forwards shows the BTC rally to ATH from 3000$ to around 20000$ post the BTC halvenning of 2016.
At point A, somehow similar to now, the price was going down, expected to touch the support zone but it bounces back before touching the bottom. There is a rise of ~80% and correction of around 12%, again rise of 53% and the correction of 32% and finally leading to ~263% of correction giving a new ATH.
What if point B is the starting point for the rise we saw in point A?
I am pointing out a few things that somehow say we are close to the same point
1. Institutional investors are bullish on BTC. Goldman Sachs recently pointed out a new break out is not so far (though we should not rely on SMART-MONEY and their FOMO/FUDS)
2. BAKTT finally announced that they will be live in September
3. Earlier, we had a post-halvenning rally for BTC. This time, we may get pre-halvenning rally as investors have seen the impact of halvenning on the price of BTC. So, the halvenning FOMO may start before the halvenning and lead us to a new ATH
From point A, BTC went to ~20000$ from 3000$ i.e ~567% rise just in ~96days. We may see another ATH within another 100 days :)
(It is just my opinion; I am a learner, learning and trying new things. This is not an investment/trading/financial advice. Do your own research, trade safe.)
Your opinions are appreciated!
Thank you for reading!
Point A and forwards shows the BTC rally to ATH from 3000$ to around 20000$ post the BTC halvenning of 2016.
At point A, somehow similar to now, the price was going down, expected to touch the support zone but it bounces back before touching the bottom. There is a rise of ~80% and correction of around 12%, again rise of 53% and the correction of 32% and finally leading to ~263% of correction giving a new ATH.
What if point B is the starting point for the rise we saw in point A?
I am pointing out a few things that somehow say we are close to the same point
1. Institutional investors are bullish on BTC. Goldman Sachs recently pointed out a new break out is not so far (though we should not rely on SMART-MONEY and their FOMO/FUDS)
2. BAKTT finally announced that they will be live in September
3. Earlier, we had a post-halvenning rally for BTC. This time, we may get pre-halvenning rally as investors have seen the impact of halvenning on the price of BTC. So, the halvenning FOMO may start before the halvenning and lead us to a new ATH
From point A, BTC went to ~20000$ from 3000$ i.e ~567% rise just in ~96days. We may see another ATH within another 100 days :)
(It is just my opinion; I am a learner, learning and trying new things. This is not an investment/trading/financial advice. Do your own research, trade safe.)
Your opinions are appreciated!
Thank you for reading!