As Bitcoin_ moves through the correction and recovery cycle it appears to closely be following an elliptical curve based on a known mathematical equation. Now being past the semi-axis of the curve, it appears as though we have entered the recovery phase.
This chart shows the price of Bitcoin_ encompassed between two elliptical curves of near equal size with a near equal offset from the middle ellipse having the vertex_ located directly on the all-time high all time high of $19,891. If the price advances within the range centered on this curve it will return to the all time high by May of 2019 and would likely end the 16-month recovery cycle into a period of accelerated growth. We shall see to what extent the chart maintains this curvature going forward.
*** Not professional financial advice. Trade at your own risk.
This chart shows the price of Bitcoin_ encompassed between two elliptical curves of near equal size with a near equal offset from the middle ellipse having the vertex_ located directly on the all-time high all time high of $19,891. If the price advances within the range centered on this curve it will return to the all time high by May of 2019 and would likely end the 16-month recovery cycle into a period of accelerated growth. We shall see to what extent the chart maintains this curvature going forward.
*** Not professional financial advice. Trade at your own risk.
