Based on your past cycles and also thinking a little about your total market value.
Today at 50k $ per bitcoin, we have a total market value that is worth 1 trillion dollars.
And what is my view based on previous cycles
This analysis is just thinking about your parabolic arc pattern. After the conclusion of the parabola we have a retraction of 80% or more as we saw in the previous times.
But thinking about bitcoin completing its parable now we won't see a reaction as strong as in the past.
That's because in the quantmodels that we see on the fintwitter and others.
We see 2 trillion marketcap models.
Notice the first top formed at $ 30.93
the distance from the top to the bottom generated after the parabola was broken was 414%.
And that movement was repeated again in 2018 when we had an 83% drop from $ 19800
to $ 3200 per bitcoin.
The distance from the top to the bottom was 172% and the trend is getting smaller and smaller. Until bitcoin becomes a low volatility asset.
This could happen when bitcoin is worth over $ 1,000,000
Dont follow this a financial advice.
Today at 50k $ per bitcoin, we have a total market value that is worth 1 trillion dollars.
And what is my view based on previous cycles
This analysis is just thinking about your parabolic arc pattern. After the conclusion of the parabola we have a retraction of 80% or more as we saw in the previous times.
But thinking about bitcoin completing its parable now we won't see a reaction as strong as in the past.
That's because in the quantmodels that we see on the fintwitter and others.
We see 2 trillion marketcap models.
Notice the first top formed at $ 30.93
the distance from the top to the bottom generated after the parabola was broken was 414%.
And that movement was repeated again in 2018 when we had an 83% drop from $ 19800
to $ 3200 per bitcoin.
The distance from the top to the bottom was 172% and the trend is getting smaller and smaller. Until bitcoin becomes a low volatility asset.
This could happen when bitcoin is worth over $ 1,000,000
Dont follow this a financial advice.