Let's say history repeats itself in how Bitcoin reached it's high of 20k.
From the second halving...
It took roughly 266 days before the price trend took off from the lowest fib.trend level (bottom red). Afterwards, it took about 203 days for it to reach and go beyond the mid fib.trend level (middle green). Within 63 days of break above the mid fib.trend level, it reached its all time high of 20k (approximately depending on which exch you use).
In total, it took roughly 532 days since the halving to reach its ATH.
IF we repeat history, according to the replicated time it took: 1. We should ride along the bottom fib.trend line until 1/18/2021. 2. We'll climb towards the mid fib.trend line and breach it 8/9/2021. 3. Then, we'll sky rocket towards the top of the fib.trend level and top out around 10/11/2021, where prices will relatively be 130k.
Additional information: The blue vert.lines that crosses into the RSI graph indicate a rough estimate of when Bitcoin has had up to or around 40% pull backs before bouncing up. Taking that into consideration, the RSI points where these have occurred, weekly, are anywhere between 85-90 pts, marked by horizontal dotted yellow line. The dotted yellow around RSI 50pts is where on the spot chart we started seeing the uptrend towards 20k. Typically, anything above 60 in RSI is bullish, anything below 40 is bearish. Currently, we're in the neutral to bullish territory of the weekly RSI.
Realistically, this is still only a hypothesis using the past as an indicator to future price moves; this analysis isn't guaranteed whatsoever. The true results WILL be different.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.