BTC seems to be in a multi year trend channel on the log scale.
If it repeats 2017-18 pattern we might expect this current downtrend potentially continuing all the way down to 45k before seeing a reversal, with a final peak in the 250-300k range
If it repeats 2017-18 pattern we might expect this current downtrend potentially continuing all the way down to 45k before seeing a reversal, with a final peak in the 250-300k range
Comment:
Lower target hit pretty much spot on, lets see if second half of the prediction holds true too.
Comment:
BTC saw a 50% retraction rather than the 35% I was looking for.
Don't think it's over yet tho, still pretty confident this is just the "halfway mark".
Don't think it's over yet tho, still pretty confident this is just the "halfway mark".
