BITCOIN Bull, Bear & Accumulation market fractals long-term look
Updated
BTCUSDBTCUSDBTCUSD
BTCUSDTBTCUSDTXBTUSDXBTUSDA brief review of the BITCOIN market cycles based on fractals.
We can observe some very interesting characteristics that repeat over time in a very similar way, as for example:
+ The approximate duration of the bullish market.
+ The approximate duration of bearish market.
+ The touches on the bottom of the RSI.
+ The 50MA & 200MA also follow a pretty interesting pattern, I did not let it on the chart so it would not be polluted, but you do this easily by opening a BTCUSD bitstamp chart in 1W time-frame and enabling the 50/180 moving averages.
+ The halving (vertical blue lines) that happens on average every 4 years (Moment where the reward in bitcoins per mining is reduced by half in each block) also shows over time to have strong relation with the bull market.
Based on these fractals we would reach the historical top of 100k USD in November / December 2021.
This is a long-term vision, but it is quite interesting and allows us to have great prospects for the future of bitcoin and the crypto market.
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God bless and to the moon!
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