Potential growth timeline for BTC based on previous 4-year cycles:
Each cycle consists of:
- ~150 weeks of uptrend, followed by ~50 weeks of downtrend
- Uptrend decreased by 75% compared to previous uptrend
- Downtrend tends to be about ~80% from uptrend's high
- Uptrends tend to go parabolic once the 26 week MA has been reclaimed, which also seems to coincide with BTC block halving
Next 4-year cycle has started and if all goes to plan, by the end of 2021, we will see highs of $100,000, followed by a bear market back to $20,000 by 2023
Inspired by Bob Loukas: www.youtube.com/watch?v=ivWdOztD...
Each cycle consists of:
- ~150 weeks of uptrend, followed by ~50 weeks of downtrend
- Uptrend decreased by 75% compared to previous uptrend
- Downtrend tends to be about ~80% from uptrend's high
- Uptrends tend to go parabolic once the 26 week MA has been reclaimed, which also seems to coincide with BTC block halving
Next 4-year cycle has started and if all goes to plan, by the end of 2021, we will see highs of $100,000, followed by a bear market back to $20,000 by 2023
Inspired by Bob Loukas: www.youtube.com/watch?v=ivWdOztD...