$140,000 Halvening Avg Price The Trend Line Has Been Held.
In the previous cycles 2013, 2017, 2020 we saw the same major consolidating trend trend line that continues on for longer than people expect (it gets boring).
The RSI (LTF) confirms this development enters a parabolic phase once the 70 RSI level is tested. (Not you should only trust these indicators on a very long time frame).
Diminishing returns is not relevant here as we can see the 2017 cycle virtually almost replicated the same movement.
So we draw all the cycles and it gives us a middle range of around $350,000. This next move will be the fasted and volatile one of this cycle the entire reason this works is people get (bored) during this phase then they don't have months to react you have weeks and days.
The environment where the FRED cannot raise interest rate. There is still 10s of trillions floating around the market from QE / BTFP. Institutions relentlessly keep allocating to the Bitcoin ETFs. We are weeks away from the public traded supply dropping under 1,000,000. (lowest in Bitcoins history"" Not counting the first start up years"
I hold my positions we see a minimum 8x before the year ends. Unless a global black swan event occurs, nothing will derail this.
Watching the reactions at $20,000 when I was promoting the fact we would be near $50,000 within months really gave me a reality check on how little people understand this asset.
