The bitcoin price cycles seem to follow a pattern of diminishing upside and increasing duration. So far each new cycle price peak has been predicted by the 2.382 fibonacci multiple of the cycle bottom price. Extrapolating this into the future raises the possibility of a blow-off top at ~$250k perhaps around summer of 2022 — admittedly a formidable prediction given its implications for the market capitalization of bitcoin.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.