According to the last cycle, which fits a similar-sized triangle structure, Bitcoin has around another year to go before it revisits all-time high. Also, based on this data, the current value is overextended compared to the same time last cycle, going by how far its up from the bottom, and how little it has left to go to ATH.
At this rate, however, a faster visit to ATH may be possible.
The chart also shows that BTC may be topping, to stay within the log growth channel for a little while longer. A break into the next channel up would be significant.
At this rate, however, a faster visit to ATH may be possible.
The chart also shows that BTC may be topping, to stay within the log growth channel for a little while longer. A break into the next channel up would be significant.
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
Declinazione di responsabilità
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.
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
Declinazione di responsabilità
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.