Bitcoin / BTCUSD has drawn many comparisons with the 2014-2017 Cycle.
Both Bear Cycles started while the price was still 'riding' the 1week MA50 then started a strong decline under a Falling Resistance and bottomed when the 1week RSI got oversold and started a Rising Support.
Right now it is in the pre Halving phase, starting again to 'ride' the 1week MA50 on a whole new Bull Cycle.
As we approach April's (2024) Halving, excitement will start growing and so will prices.
Another steady rise phase post Halving, will eventually give way to the final parabolic rally.
Will that lead us to prices above 100k?
Follow us, like the idea and leave a comment below!!
Both Bear Cycles started while the price was still 'riding' the 1week MA50 then started a strong decline under a Falling Resistance and bottomed when the 1week RSI got oversold and started a Rising Support.
Right now it is in the pre Halving phase, starting again to 'ride' the 1week MA50 on a whole new Bull Cycle.
As we approach April's (2024) Halving, excitement will start growing and so will prices.
Another steady rise phase post Halving, will eventually give way to the final parabolic rally.
Will that lead us to prices above 100k?
Follow us, like the idea and leave a comment below!!
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