My model to calculate this target is simple.
From 2013 all time highs to 2017's there was a 1500% increase.
From 2017 ATHs to 2021's there was a 300% increase.
Considering the percentage of reduction from ATH to ATH on a logarithmic scale and Bitcoin's scarce nature then I guess that the next increase in price should be about 80% from last ATH. So 70k + 80%...
Really worrying perfect bearish pennant threatening to break down. Be vigilant. Huge spike of DGD also suggests shorting sentiment. I'm waiting till the last second to start shorting positions :(
BINANCE:BTCUSDT
