Zooming out to the Monthly: BTCUSD
I've seen a lot of these log curve drawings out there to predict the price of BTC peaks and valleys, and decided I needed to try it out for myself. Pretty interesting actually. The zoomed out numbers point to this cycle's low being at around a 20k support close on the monthly resolution. That also seems to line up with what I'm seeing on the 4hr, the daily, and the weekly charts for supports. This also lines up with the idea that upcoming cyclical lows will not last nearly as long as previous crypto Winters, placing a new 129k high at roughly July of 2023.
Does that seem right to you? Let me know!
Does that seem right to you? Let me know!
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