I believe this breakout from trend channel is a fake at this point because it’s held so firmly to the 1.618 retracement at 61k. This trend is clearly loving the current fib setup. Watch for it to jump back into the channel.
Although the 2021 chart could slide one month over and more closely resemble the setup bars for the 2013 breakout, this is still very compelling to see the October bar trending over the .5 log growth line. Either way, November and December will be very strong months. The log growth lines predict a $130k top if it happens in November or $140k top if in December. I...
1. Average of Days-To-Top from previous halvings = 588 days
2. Regression of growth between Days-To-Top from 2012 cycle to 2016 cycle = 755 days
3. Inferred window of Days To Top = roughly between December 20, 2021 and June 5, 2022
4. Inferred window of Price based on historical tops and bottoms range:
