Bitcoin Has Longer to Go Before ATH According to Last Cycle $BTC
According to the last cycle, which fits a similar-sized triangle structure, Bitcoin has around another year to go before it revisits all-time high. Also, based on this data, the current value is overextended compared to the same time last cycle, going by how far its up from the bottom, and how little it has left to go to ATH.
At this rate, however, a faster visit to ATH may be possible.
The chart also shows that BTC may be topping, to stay within the log growth channel for a little while longer. A break into the next channel up would be significant.
At this rate, however, a faster visit to ATH may be possible.
The chart also shows that BTC may be topping, to stay within the log growth channel for a little while longer. A break into the next channel up would be significant.
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
Disclaimer
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.
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
Disclaimer
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.