Short

BTC ~ it might go as low as $4.800

Updated

long term trends ... look at the previous low, it went sideways until it touched the median trendline; it would be perfectly normal to do so again, which would be ~$4.800 ... after that we can see the real bull run, as that $13.880 peak was obviously all just FOMO ... all this volatility is not good for a currency !!

Note

there's a play button on the chart, when you click that it will update the chart, so you can see how accurate it turns out to be; try it

it's following the long term trend line ... that should be obvious by now

Note

thanks for the upvotes

Note

it's easy to do;
put on log scale ... obviously !?!
then select the fib channel; it requires 3 reference points;
pick highest 2 peaks and lowest low ... that's it

Note

still following that median long term trend line ...

MichielVan_Kets

Related publications

Bitcoin's Long Term Road Map

by MichielVan_Kets

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