If the past two bull markets is any indication of the future, Bitcoin price tends to revisit the first top of the bull market when the 50% logarithmic regression line (the black line in the middle of the chart) meets the first top price.
In 2013, second bubble phase began when 50% log channel hit right at $266, which was the first top price in 2013. The same was true for 2017.
Therefore, I would predict price to revisit 60k vicinity and higher no later than June this year as the 50% channel is expected to hit 65k by April - May, unless we're now in a major bear market, which I still don't think is the case given price went up to $69,000 in November 2021.
#HODL is always the best strategy. Ignore news and emotional opinions from permanent bulls and bears. Bitcoin and Ethereum are here to stay as blue chip coins. (I still don't trust ETH as a bitcoin maximalist but I admit it's a blue chip coin at this stage)
In 2013, second bubble phase began when 50% log channel hit right at $266, which was the first top price in 2013. The same was true for 2017.
Therefore, I would predict price to revisit 60k vicinity and higher no later than June this year as the 50% channel is expected to hit 65k by April - May, unless we're now in a major bear market, which I still don't think is the case given price went up to $69,000 in November 2021.
#HODL is always the best strategy. Ignore news and emotional opinions from permanent bulls and bears. Bitcoin and Ethereum are here to stay as blue chip coins. (I still don't trust ETH as a bitcoin maximalist but I admit it's a blue chip coin at this stage)