Could Bitcoin be worth $600,000?😱
Updated
Hello, friends!🫶 Could Bitcoin be worth $600,000?😱
🧐Today, let's take a look at the weekly logarithmic chart of Bitcoin and try to identify similarities and patterns in its movement to discuss the future price development.
https://www.tradingview.com/x/mlNkQ5jz/
I've highlighted support levels with green 🟢 lines (looking at the overall chart, these levels represented accumulation zones for future growth), and resistance levels with red 🔴 lines (where bullish trends typically ended).
💡 Pay attention! The lower support line was touched twice in 2015-2016, and the next time this happened was in 2023-2024! Looking at the chart, it strongly resembles an accumulation zone!🔋
Could there be a longer cycle?🤩 Let's say, not a 4-year cycle (from halving to halving), but a cycle lasting 10 years? Could Bitcoin be worth $600,000?😱
I'm so interested to hear your opinions and expectations for the upcoming halving and the following year.😏
The world situation is worrisome and doesn't inspire optimism.😔 But if we remember the times of the coronavirus pandemic, then similar sentiments prevailed.🤪
What are your expectations? Let's discuss!😇
Thanks for Your attention!
Sincerely yours, Kateryna💙💛
🧐Today, let's take a look at the weekly logarithmic chart of Bitcoin and try to identify similarities and patterns in its movement to discuss the future price development.
https://www.tradingview.com/x/mlNkQ5jz/
I've highlighted support levels with green 🟢 lines (looking at the overall chart, these levels represented accumulation zones for future growth), and resistance levels with red 🔴 lines (where bullish trends typically ended).
💡 Pay attention! The lower support line was touched twice in 2015-2016, and the next time this happened was in 2023-2024! Looking at the chart, it strongly resembles an accumulation zone!🔋
Could there be a longer cycle?🤩 Let's say, not a 4-year cycle (from halving to halving), but a cycle lasting 10 years? Could Bitcoin be worth $600,000?😱
I'm so interested to hear your opinions and expectations for the upcoming halving and the following year.😏
The world situation is worrisome and doesn't inspire optimism.😔 But if we remember the times of the coronavirus pandemic, then similar sentiments prevailed.🤪
What are your expectations? Let's discuss!😇
Thanks for Your attention!
Sincerely yours, Kateryna💙💛
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