Bear market bottoms have been coming 12-14 months after highs. Monthly RSI has been forming uniform peaks and valleys. Volume profile suggests a Point of Control around 10.5k. The lowest untapped CME gap exists at 9.7k. 260k-280k target based on my previous calculations.
Using previous cycle highs and lows we are able to calculate the next cycle top once we are given the low of $3148 in late 2018 on the BLX chart. CALCULATING PRICE: In 2012 bitcoin needed to rise 1487.1% from the lows to reach its previous ATH of $31.90. Once breaking ATH, it went on to gain 3590.66%. This is a ratio of 2.414538363257347 In 2015 bitcoin...
Hmm...
Explanation in chart. Weekly timeframe log scale. More meaningful than Daily and 4H timeframes.