BitcoinLong
BITCOIN Keep it simple. It won't top anytime soon.
This is indeed a 'keep it simple' analysis consisting of 4 charts, each displaying a Bitcoin Cycle since 2012.
There is no need to overcomplicate things, the charts are pretty much self explanatory.
According to all 3 prior Cycles, BTC is on a rally supported by the 1week MA50, that is just over halfway completed.
It will not peak anytime soon and may very well be above 200k, even as high as 300k if the extremely optimistic scenario prevails.
Previous chart:
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There is no need to overcomplicate things, the charts are pretty much self explanatory.
According to all 3 prior Cycles, BTC is on a rally supported by the 1week MA50, that is just over halfway completed.
It will not peak anytime soon and may very well be above 200k, even as high as 300k if the extremely optimistic scenario prevails.
Previous chart:
Follow us, like the idea and leave a comment below!!
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