Update to previous analysis little over a year ago. Bearish potential outcome for this cycle, imo.
Was Jack Dorsey correct in predicting "bitcoin would likely become the single global currency within 10 years, “but it could go faster.” back in 2018? Trolololo's famous 2014 regression predicted a price of $100,000 for bitcoin by July 2021 after correctly predicting a price in excess of $10,000 in 2017. The $100k target remains to be achieved, but seems likely...
BITFINEX:ZECBTC Comparison of ZEC chart to well known Wycoff Accumulation We all know ZEC is the "real" bitcoin successor - just a matter of WHEN. Do we dump lower for more accumulation first? Classical reference seems to line up with short term bullish scenario. stockcharts.com