This chart is on the weekly with PI cycle. If history repeats we might have another week of downward action then an explosion upwards for another six months into mid to late July with a few corrections on the way up of course. In 2017 after the initial 200% breakout on the WEEKLY PI top it retraced for 4 weeks then went on to do another 900% in 6 months. We are now on week three of the correction after the PI cycle top on the WEEKLY. So the question is will history repeat in any resemblance to the last? If it repeats that will put us well above 200k by at least July of this year.
As it looks so far we are fairly close to the 2017 run up. This breakout took more time but also went up 300% a little more in percentage. The question is, was market adjusting to the corona dump?
Either way the next couple weeks will tell where we really are and what the future holds for bitcoin.
*In life, patience is a virtue. In investing, patience is life*
As it looks so far we are fairly close to the 2017 run up. This breakout took more time but also went up 300% a little more in percentage. The question is, was market adjusting to the corona dump?
Either way the next couple weeks will tell where we really are and what the future holds for bitcoin.
*In life, patience is a virtue. In investing, patience is life*
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