[UPDATE BTC] Lengthening cycle modelBTC model 3 update.
Very immediate scenario.
Target: 180k$-210k$
Lengthening
Time Travel ? BTC/USD New Upper Trendline ? #btc #crypto #fibsWell it would seem that Btc has developed a new upper trendline in blue . You can see our old upper trendline in white here . And our current lower trendline in red . If this holds it will confirm the lengthening cycle of Bitcoin , that cycle that will possibly reach 100k in 2023 / 2024 as opposed to 2021 . Because many people still think we are only in 4 years cycle and therefore they are expecting bullrun in late 2021 since last one came in late 2017 . But our cycles appear to be lengthening - there is a great You Tube videos about this on Benjamin Cowen You Tube channel so definitely check him out . I believe he is correct .So Our old upper trendline in white would have come to an end around September of 2021 but this new blue upper trendline seems to run well into 2022. If we wick higher to 13k that could even extend the line a bit more into the future . Is Bitcoin Time Traveling ??
Also I've just started using the Fib Circle indicator on Trading View that makes this colorful and pretty chart but it really seems to fit back to 2018
