I've done this analysis about 5 months ago! and now I see the first stage of it has came true! ,I mean the retracement part still :)
I think Bitcoin will pass Gold's market cap and it will be soon.
Note that this target is just approx. and may not be reached exactly!
But it may goes around ~ 250k $ to 500k $
After hitting this ATH, I think the previous two cycles patterns (as you can see from the chart) will repeat again and the price will go up to hit the channel's ceiling! and this could be a 3 to 4 years of a bearish BTC market :(
By the way, another less probable scenario is that, a big fundamental news may help Bitcoin to smash the channel from the bottom, and then it is BTC that will really goes to the moon! :)
What do you think?
XAUBTC
BTCUSDT
XAUUSD
I think Bitcoin will pass Gold's market cap and it will be soon.
Note that this target is just approx. and may not be reached exactly!
But it may goes around ~ 250k $ to 500k $
After hitting this ATH, I think the previous two cycles patterns (as you can see from the chart) will repeat again and the price will go up to hit the channel's ceiling! and this could be a 3 to 4 years of a bearish BTC market :(
By the way, another less probable scenario is that, a big fundamental news may help Bitcoin to smash the channel from the bottom, and then it is BTC that will really goes to the moon! :)
What do you think?
XAUBTC
BTCUSDT
XAUUSD
