This is the history of BTCs market cap ATHs, their correlations, and their percentage increases.
If BTC achieves the average market cap increase of 1400%, the next euphoria cycle would bring BTC price to $250k.
~The creation of Bitcoin was an economic event horizon~
EMA is set to 1372 day average. 1372 days is the average number of days between BTC halvings. As you can see we are were way oversold and broke out violently above the HEMA.
I suspect a continuation to 6-6.8k before any major retraces.
Bullish pennant with a rebounding 1month sRSI.
I think we are primed and ready for a very bullish breakout within the year.
Any substantial news will tip the scale for the bulls (WinkETF, Amazon/Google/Paypal integration, Fiat/Debt crisis, etc...)
Noticed a similarity in the stochastic RSI here.
The ichi cloud is still bullish as well.
I believe we had an extended correction and recovery phase due to the immense amount of bad press Bitcoin received in early 2014. This bad press is fading and discussion about Bitcoins useful functionality re-emerge. People realize when something is as sticky as Bitcoin;...