This is Fibonacci Retracement for the log plane, it worked pretty well for previous seasons.
If this season it still holds value, BTC price could reach $350K.
However, in a different scenario for the super cycle, the Truncation event could happen with peak 5 ~ peak 3. If so $65-69K is the peak of this season and BTC price will fall very deeply ~ $8K-10K.
If this season it still holds value, BTC price could reach $350K.
However, in a different scenario for the super cycle, the Truncation event could happen with peak 5 ~ peak 3. If so $65-69K is the peak of this season and BTC price will fall very deeply ~ $8K-10K.