BitcoinLong
BTCUSD: dreams
This is just for fun, guys.
Assuming the fact that bitcoin bottomed at around 6k, especially since the volume started to catch up, and we expect a new bull-run coming, we may have a look at the historical perspective of how the price of btc was climbing to the previous ATH. I took the previous 3k on May 2017th as a reference and calculated the amplitude of the drops and rises from that point antil 20k: 1) drop by ~40% then rise by ~300%, 2) drop by ~40% then rise by ~230%, 1) drop by ~30% then rise by ~350%. Assuming the same will happen from the 20k level and the average drops and rises by 35% and 250% correspondingly (except the latest 350%, as it must speed up), we already had a drop by 70%, and the next levels may be: 14500 -> 9500 -> 24000 -> 15500 -> 54000.
Let it be! :D
Assuming the fact that bitcoin bottomed at around 6k, especially since the volume started to catch up, and we expect a new bull-run coming, we may have a look at the historical perspective of how the price of btc was climbing to the previous ATH. I took the previous 3k on May 2017th as a reference and calculated the amplitude of the drops and rises from that point antil 20k: 1) drop by ~40% then rise by ~300%, 2) drop by ~40% then rise by ~230%, 1) drop by ~30% then rise by ~350%. Assuming the same will happen from the 20k level and the average drops and rises by 35% and 250% correspondingly (except the latest 350%, as it must speed up), we already had a drop by 70%, and the next levels may be: 14500 -> 9500 -> 24000 -> 15500 -> 54000.
Let it be! :D
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