Again, an obvious simple pattern.
In connection with the emissions of dollars into the post-coronavirus economy, the index has inflated like never before. A simple extropolation on a logarithmic plot indicates that the index will fall in the next months, similar to the falling in 2008.
The bottom is located approximately in the range of 2200-2500 (at the point...
BTC clearly moves along a logarithmic channel and it doesn't require deep analysis.
In my chart, I indicated the possible price level and time of entry before the next "to the moon":
Previous minimum points were reached twice before the next step of the logarithmic growth:
in 300-400 days and 600-800 days after price highs.
So the next minimum prices are expected...
