Bitcoin May Be Following This Classic Bubble Stages ChartNot Trying To Spread Panic But Bitcoin May Be Following This Classic Bubble Stages Chart. Want Your Opinion.
Classic Bubble Chart Link: imgur.com
Btc3k
BTCUSD 2018 & 2014 - undeniable similarities - All in at $3000Chart says it all - History repeats itself.
If you can't properly recognize the details on the right chart, zoom in. I had to zoom out when analyzing, as otherwise all the details wouldn't have fit on the window.
I've also tried to find some similarities on the time axis, but there are none. The only thing that stands out is that things are moving way quicker than back in 2014.
According to this, I expect $3000 to be hit either in between July and September. Take into consideration that a reversal NEVER happens with just one candle - so do not expect an immediate bull run. When seeing a trend reversal there is almost always a double bottom being built. As we're here speaking of a daily timeframe, this could take another few weeks/months. However, this does not mean that we can't buy the bottom at 3k - we just should be aware of the high chances that this level will be tested once again before really skyrocketing and repeating its cycle once again.
Safe trades!
