A projection grid of the whole bitcoin halvings cycle up to 2140
For the first time during the last halving, block rewards have decreased by one digit and each red line represents each cycle where a digit is removed from block rewards.
Fibonacci extensions based on the closing of the tri monthly sorting candles of the first pulse of 2010-2011
So far Fibonacci's levels have been very accurate in tri monthly and monthly sorting, the potential next major upward levels are, 2.618 around $130,000, 3 around $1 million, and 3.618 around $32 billion.
I know the numbers may seems crazy but I don't think currencies as we know them will survive another 120 years. A collapse of Fiat currencies and a considerable reduction in their use, then the transition of Bitcoin as a global reserve could explain extremely high figures in the future.
In the other direction, we are currently on an important support after fibonacci, if it were to be broken it would be the announcement of the setting of a new dynamic to observe.
under level 2 around $4250 it could be the beginning of a new longer cycle, based on the cycles of numerical decline in miners rewards.
I traced three trend lines on the numerical decline in miners rewards, it’s an interesting visual that makes sense with the exponential and deflationary logic of Bitcoin.
Fibonacci extensions based on the closing of the tri monthly sorting candles of the first pulse of 2010-2011
So far Fibonacci's levels have been very accurate in tri monthly and monthly sorting, the potential next major upward levels are, 2.618 around $130,000, 3 around $1 million, and 3.618 around $32 billion.
I know the numbers may seems crazy but I don't think currencies as we know them will survive another 120 years. A collapse of Fiat currencies and a considerable reduction in their use, then the transition of Bitcoin as a global reserve could explain extremely high figures in the future.
In the other direction, we are currently on an important support after fibonacci, if it were to be broken it would be the announcement of the setting of a new dynamic to observe.
under level 2 around $4250 it could be the beginning of a new longer cycle, based on the cycles of numerical decline in miners rewards.
I traced three trend lines on the numerical decline in miners rewards, it’s an interesting visual that makes sense with the exponential and deflationary logic of Bitcoin.