Bitcoin's Extreme Futures: $15 or $ 50,000,000?!!
Hello Traders,
I'm excited to share a unique analysis of Bitcoin, the leading force in the crypto market. This analysis delves into the long-term trends on a weekly chart, viewed on a logarithmic scale.
When I began studying the curvature of Bitcoin's price movement, I observed what appears to be a quarter-circle or elliptical pattern forming over the years. This curved channel, which I've approximated using the Fibonacci circles tool, suggests that we're nearing a critical turning point.
Why do I think this way? The key lies in the slope of the chords within this curve. As the slope decreases—from 66 degrees down to 34, 21, 12, and finally 2 degrees—it indicates that we are at the top or the peak of this quarter-circle. The 2-degree slope, which is minimal, suggests that we are at a crucial point where the curvature, spanning 15 years, might lead to a significant shift in Bitcoin's trajectory.
Given the significance of this curvature and the time it represents, we're faced with two possible scenarios:
Scenario 1 (Bearish): If we apply a mirror to the quarter-circle, Bitcoin could correct by 50% on a logarithmic scale, potentially plummeting to as low as $15. This drastic scenario might be triggered by extreme global events, such as a major energy crisis or even a world war.
Scenario 2 (Bullish): On the other hand, if we mirror and flip the quarter-circle to form a full wave, Bitcoin could soar to unprecedented heights, potentially reaching $50 million. Such a surge might be driven by a civil war in the United States, a global currency war, or other major upheavals in the financial system.
In conclusion, the current time and date are pivotal as they could significantly influence Bitcoin's future trajectory. This analysis is hypothetical and intended to stimulate discussion and exploration of possible outcomes based on the algorithmic scale. Whether Bitcoin is heading towards a substantial correction or an extraordinary rise, this phase could potentially redefine the limits of what we currently envision in the cryptocurrency world.
BTCUSD
I'm excited to share a unique analysis of Bitcoin, the leading force in the crypto market. This analysis delves into the long-term trends on a weekly chart, viewed on a logarithmic scale.
When I began studying the curvature of Bitcoin's price movement, I observed what appears to be a quarter-circle or elliptical pattern forming over the years. This curved channel, which I've approximated using the Fibonacci circles tool, suggests that we're nearing a critical turning point.
Why do I think this way? The key lies in the slope of the chords within this curve. As the slope decreases—from 66 degrees down to 34, 21, 12, and finally 2 degrees—it indicates that we are at the top or the peak of this quarter-circle. The 2-degree slope, which is minimal, suggests that we are at a crucial point where the curvature, spanning 15 years, might lead to a significant shift in Bitcoin's trajectory.
Given the significance of this curvature and the time it represents, we're faced with two possible scenarios:
Scenario 1 (Bearish): If we apply a mirror to the quarter-circle, Bitcoin could correct by 50% on a logarithmic scale, potentially plummeting to as low as $15. This drastic scenario might be triggered by extreme global events, such as a major energy crisis or even a world war.
Scenario 2 (Bullish): On the other hand, if we mirror and flip the quarter-circle to form a full wave, Bitcoin could soar to unprecedented heights, potentially reaching $50 million. Such a surge might be driven by a civil war in the United States, a global currency war, or other major upheavals in the financial system.
In conclusion, the current time and date are pivotal as they could significantly influence Bitcoin's future trajectory. This analysis is hypothetical and intended to stimulate discussion and exploration of possible outcomes based on the algorithmic scale. Whether Bitcoin is heading towards a substantial correction or an extraordinary rise, this phase could potentially redefine the limits of what we currently envision in the cryptocurrency world.
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I hope this chart will clarify my thoughts & idea
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