My last idea (link below) did pretty well so I applied the same patterns and cycles to where we are now and looks like we can expect the next 30-40% pull back coming soon.
Most of the cycles have been +120-200% followed by 30-40% pullbacks. Looking at the Weekly chart also show we could be seeing the 2nd of a 3 wave pattern which will see a very deep drop in Bitcoin price, but no before we see another big ATH which could be the
12K number most people have always talked about.
This
12K number I think will get blown away though. Things have been so exponential with Bitcoin that I think the next big ATH before the big Weekly chart price drop could be hitting closer to the $18-20k levels.
Most of the cycles have been +120-200% followed by 30-40% pullbacks. Looking at the Weekly chart also show we could be seeing the 2nd of a 3 wave pattern which will see a very deep drop in Bitcoin price, but no before we see another big ATH which could be the
This
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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.