Bitcoin current bull market cycle comparison with the prior bull market in 2017 shows very strong similarities. I put together a log scale parallel channel along with taking the 2017 fractal into current price. It seems that there may be a short term dip coming with a parabolic move coming right after. The current cycle seems to be extended so we may not get an all time high BTC until January-February 2022 based on this chart.
These are all ideas and assumptions. But who wouldn't want a 284K+ BTC in 2022!
What are your opinions on this? Comment below, hit the like and follow me. Thank you!
Check out more below for recent Altcoin, Bitcoin and Stock Ideas.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
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.