And interesting chart showing a possibility of "lengthening cycles" using Fibonacci.
If you look from the first line, a "bottom," we can see the next line is a "top." They then alternate, quite well, between "bottom," then "top."
This tells us that the price at the moment, of 33K, is approximately "the bottom" for this cycle. So it is likely we will see mostly sideways action over the next year or so for BTC.
The REALLY interesting thing is the NEXT cycle, which tells us that the next "top" will not be for almost 8 years, in the year 2029, and should be around 2.321 Million Dollars per Bitcoin (which I could totally see, especially because BTC seems to like these kind of consecutive, clever figures...).
If you look from the first line, a "bottom," we can see the next line is a "top." They then alternate, quite well, between "bottom," then "top."
This tells us that the price at the moment, of 33K, is approximately "the bottom" for this cycle. So it is likely we will see mostly sideways action over the next year or so for BTC.
The REALLY interesting thing is the NEXT cycle, which tells us that the next "top" will not be for almost 8 years, in the year 2029, and should be around 2.321 Million Dollars per Bitcoin (which I could totally see, especially because BTC seems to like these kind of consecutive, clever figures...).